Refer the following table. Selected Financial Information for Hope Bicycle Recycle Corporation From Fiscal 2020 Net sales (all credit) Liabilities to total assets Income taxes Profit Average collection period PPE asset turnover Inventory turnover Expenses (including taxes of 40%) Current ratio Total asset turnover Retained earnings, Jan. 1, 2020 $555,000 1 to 2 $ 2,400 $ 43,000 64.22 days 3 times $121,000 5 times 2 to 1 1.5 times $ 13,500 Required: Complete the balance sheet for Hope Bicycle Recycle Corporation. (Round your intermediate answer and final answer to nearest whole number. Use 365 days a year.) HOPE BICYCLE RECYCLE CORPORATION Balance Sheet December 31, 2020 Assets Cash Accounts receivable, net Inventory $ 555,000 Plant and equipment, net Total assets $ 555,000 Liabilities and Equity Current liabilities 12% bonds payable Common shares Retained earnings Total liabilities and equity $ 0