Sheffield Corporation experienced a fire on December 31 of 2022. In which it's financial records were partially destroyed it has been able to salvage some of the records and has ascertained the following balances. Cash 26, 500. 11,000. Accounts receivable net, 77 500. 123,500. Inventory 199,000. 186,000. Accounts payable 52,000. 93,000. Notes payable 28,500. 64,000 common stock 100 par. 388,000. 388,000 retained earnings 111,000. 108 500.

Additional information

1. The inventory turnover is 3.7 times

2. The return on common stockholders equity is 26%. The company had no additional capital accounts.

3. The accounts receivable turnover is 7.8 times.

4. The return on assets is 12.5%.

5. The total assets at December 31, 2021 or 591,000.

Compute the following for Sheffield corporation

Cost of good sold for 2022?

Net credit sales for 2022?

Net income for 2022?

Total assets at December 31, 2022?

Sheffeld Corporation experienced a fire on December 31,2022 in whichits fikanciai records werepertiatly destroyed. it has been able to salvage some of the records and has ascertained the followine balances Additional infomation 1. Thimentory turnewerb 77 times. 2 The returnon common stockolderk equetyls26\% The company hed no dditionalcapital account. 1 The dccounts recivable turnover is 78 times 4. The returnon asets is 125 s 5. Totar asets at December 31,2021 were 5591.000