Pepper Company provided the incomplete nancial 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 S 220,000 Inventory S 330,000 Total assets $1,62?,500 [ e. Selected nancial ratios computed from the statements below for the current year are: Earnings per share $ 3.06 Debttoequity ratio 0.880 Accounts receivable turnover 15.0 Current ratio 2.00 Return on total assets 12% Times interest earned ratio 5.50 Acidtest ratio 1.19 Inventory turnover 9.0 | Required: Compute the missing amounts on the company's financial statements. (Hint: What's the difference between the acidtest 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 the acidtest ratio and the current ratio?) {Do not round intermediate calculations.) Sales Cost of goods sold Gross margin $ 3,600,000 Selling and administrative expenses Net operating income Interest expense 51 ,000 Net income before taxes Income taxes (30%) Net income Pepper Industries Balance Sheet March 31 Current assets: Cash Accounts receivable, net Inventory Total current assets Plant and equipment, net Total assets Liabilities: Current liabilities $ 260,000 Bonds payable, 10% Total liabilities Stockholders' equity Common stock, $2.50 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity