Pepper Company provided the incomplete financial statements shown below as well as the following additional information: a. All sales during the year were on account. b. There was no change in the number of shares of common stock outstanding during the year. c. The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year. d. Selected balances at the beginning of the current year were: Accounts receivable Inventory Total assets $ 300,000 $ 410,000 $ 4,758,000 e. Selected financial ratios computed from the statements below for the current year are: Earnings per share Debt-to-equity ratio Accounts receivable turnover Current ratio Return on total assets Times interest earned ratio Acid-test ratio Inventory turnover $ 4.13 0.850 16.0 2.80 10% 8.00 1.15 8.0 Required: Compute the missing amounts on the company's financial statements. (Hint: What's the difference between the acid-test ratio and the current ratio?) (Do not round intermediate calculations.) Required: Compute the missing amounts on the company's financial statements. (Hint: What's the difference between th current ratio?) (Do not round intermediate calculations.) ts Answer is not complete. Pepper Industries Income Statement For the Year Ended March 31 Sales $ 4,400,000 3,356,000 1,044,000 Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) 59,000 Net income Answer is not complete. X Answer is not complete. Pepper Industries Balance Sheet March 31 Current assets: Cash $ Accounts receivable, net 49,000 250,000 429,000 728,000 Inventory Total current assets Plant and equipment, net 394,000 X Total assets $ 1,850,000 Liabilities: Current liabilities $ 260,000 590,000 Bonds payable, 10% Total liabilities 850,000 Stockholders' equity: Common stock, $2.60 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,000,000 $ 1,850,000