Refer the following table. Selected Financial Information for Hope Bicycle Recycle Corporation From Fiscal 2020 Net sales (all credit) $735,000 Liabilities to total assets 1 to 2 Income taxes $ 4,800 Profit $ 55,000 Average collection period 65.66 days PPE asset turnover 3 times Inventory turnover 5 times Expenses (including taxes of 40%) $133,000 Current ratio 2 to 1 Total asset turnover 1.5 times Retained earnings, Jan. 1, 2020 $ 19,500 ed nt Required: Complete the balance sheet for Hope Bicycle Recycle Corporation (Round your intermediate answer and final answer to ne whole number. Use 365 days a year.) 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.) poed Print HOPE BICYCLE RECYCLE CORPORATION Balance Sheet December 31, 2020 Assets Cash Accounts receivable, net Inventory Plant and equipment, net Total assets $ Liabilities and Equity Current liabilities 12% bonds payable Common shares Retained earnings Total abilities and equity $ 0