Presented below is an incomplete Income Statement and incomplete Balance Sheet for ABC Corporation. Using the additional information and the known figures, calculate the missing values. Use ending balances instead of average balances where averages are required by a formula. The missing values cannot be solved in the sequence presented. ABC Corporation Income Statement For the year ending December 31, 2019 Sales $11,000,000 Cost of Goods Sold Gross Profit Operating Expenses 1,665,000 Income from Operations Interest Expense Income before income tax Income Tax expense 560,000 Net Income ? ? ? ? ? ? ABC Corporation Balance Sheet As of December 31, 2019 Assets Current Assets Cash Accounts Receivable (net) Inventory Total Current Assets Capital Assets (net) Total Assets $450,000 ? ? 4,620,000 ? ? ? ? Liabilities Current Liabilities Long Term Liabilities Total Liabilities Shareholder's Equity Common Shares Retained Earnings Total Shareholder's Equity Total Liabilities & Equity 3,000,000 400,000 3,400,000 ? Additional Info: Receivables turnover for 2019 is 10 times All sales are on account Gross profit Margin is 36.73% Inventory Turnover ratio is 6.444 times The profit margin is 14.5% The return on assets is 22% The current ratio is 3:1