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 $ 130,000 Inventory $ 250,000 Total assets $ 1,600,000 e. Selected financial ratios computed from the statements below for the current year are: Earnings per share $ 1.29 Debt-to-equity ratio 0.880 Accounts receivable turnover 16.0 Current ratio 2.30 Return on total assets 8% Times interest earned ratio 4.00 Acid-test ratio 1.16 Inventory turnover 8.0 Required: Compute the missing amounts on the company's financial statements. (Hint: Whats the difference between the acid-test ratio and the current ratio?) (Do not round intermediate calculations.) Pepper Industries Income Statement: Sales - $2,800,000 Cost of Goods Sold - Gross Margin - Selling and Administrative Expenses - Net operating Income Interest Expense - $43,000 Net income before taxes - Income taxes (30%) - Net income - Pepper Industries Balance Sheet: Current assets: Cash - Accounts receivable, net - Inventory - Total current assets - Plant and equipment, net - Total assets - Current liabilities: $230,000 Bonds payable, 10% - Total liabilities - Stockholders equity: Common stock, $2.90 par value - Retained Earnings - Total stockholders equity - Total liabilities and stockholders equity - Thank you so much