Retained earnings 262,900 cation 3-7. (Working with income statement and balance sheet) Prepare an income statement and a balance sheet from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales $550,000 Accumulated depreciation 190,000 Cash ? Cost of goods sold 320,000 Accounts receivable 73,000 Depreciation expense 38,000 Accounts payable 65,000 Interest expense 26,000 Short-term notes payable 29,000 Income taxes 59,850 Inventories 47,000 Marketing, general, and administrative expenses 45,000 Gross fixed assets 648,000 Long-term debt 360,000 Common stock 120,000 Other assets 15,000 Retained earnings 138,500 In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock e here to search o O Retained earnings 262,900 cation 3-7. (Working with income statement and balance sheet) Prepare an income statement and a balance sheet from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales $550,000 Accumulated depreciation 190,000 Cash ? Cost of goods sold 320,000 Accounts receivable 73,000 Depreciation expense 38,000 Accounts payable 65,000 Interest expense 26,000 Short-term notes payable 29,000 Income taxes 59,850 Inventories 47,000 Marketing, general, and administrative expenses 45,000 Gross fixed assets 648,000 Long-term debt 360,000 Common stock 120,000 Other assets 15,000 Retained earnings 138,500 In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock e here to search o O