pls show work p 7

2 pts Builtrite Bakery is a new firm specializing in all-natural ingredient pastry products. In attempting to determine what the financial position of the firm should be the financial manager obtained the following average ration for the balling industry for 2020: Common equity / total assets Total assets turnover Long-term debt/ total assets Current ratio Quick ratio Average collection period (360-day year) 60% 3 times 20% 1.2 .75 10 days Complete the accompanying projected balance sheet for Buitrite Bakery assuming 2021 sales (all credit) are $5,400,000 Builtrite Bakery projected Balance Sheet ending December 31, 2021 Cash Current Liabilities Accts. Receivable Long Term Debt Inventory Total Debt Tot. Current assets Common Equity Tot. Liabilities & equity Fixed assets Builtrite Bakery projected Balance Sheetending December 31, 2001 Cash Current Liabilities Accts. Receivable Long Term Debt Inventory Total Debt Tot. Current assets Common Equity Fixed assets Tot. Liabilities & equity Total Assets Based upon the above information, the level of inventory equals: O $175,000 $174,000 $ 162,000 $154,000