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Refer the following table. Selected Financial Information for Hope Bicycle Recycle Corporation From Fiscal 2020 Net sales (all credit) $ 600,000 Liabilities to total assets

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Refer the following table. Selected Financial Information for Hope Bicycle Recycle Corporation From Fiscal 2020 Net sales (all credit) $ 600,000 Liabilities to total assets 1 to 2 Income taxes $ 3,000 Profit $ 46,000 Average collection period 64.58 days PPE asset turnover 3 times Inventory turnover 5 times Expenses (including taxes of 40%) $124,000 Current ratio 2 to 1 Total asset turnover 1.5 times Retained earnings, Jan. 1, 2020 $ 15,000 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.) A 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 liabilities and equity

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