Please construct a balance sheet for Billies Balance Beam Company. You asked for information about the company and this is what they gathered together and gave you (some information may not be used to build a balance sheet). All of the numbers are as of close of business on December 31, 20XX. Gross Sales for 20XX = $1,250,000 Annual Profit Margin = 26.4% Checking Account = $45,500 Balloon Payment loan due in 24 mo. = $100,000 Building is appraised at = $250,000 Accounts Receivable = $350,000 Accounts Payable = $185,000 Accrued Taxes = $42,000 6 Month CD = $30,000 9 Month CD = $20,000 36 Month CD = $10,000 Balance Beams in inventory = $68,000 Company Truck = $20,000 Tools and Saws = $32,000 10 year business Loan = $200,000 Note payable to Partner in 12 months = $150,000 Average Monthly Electric bill = $2,500 Salaries = $18,000 BBB Trademark = $20,000 Advertising = $26,000 40 customers account for 80% of sales Forklift = $10,000 Trash Collection = $500/month Retained Earnings of = $125,000 Capital Lease of = $15,000 Depreciation = $22,000 NWC for Previous Year = $85,000 1. Build a Balance Sheet for the year ending 12/31/20XX and determine the total shareholder equity. 2. What is the NWC as of 12/31/20XX? 3. What is the change in NWC from previous year?