Swift Inc Company, all information about 2019, prepare a balance sheet for Swift Inc. as of December 31, 2019.

Retained earnings at December 31, 2018is $234,000 Sales (all credit sales) are $2.5 million Days to sell inventory is 20 Cash on hand is 1% of sales All sales are paid 30 days after purchase Noncurrent assets are $1 million Long-term debt to equity ratio is 1 All liabilities, other than long-term debt, are short-term liabilities 20,000 shares outstanding issued at $10 in 2004 No dividends are paid Gross margin is 40% Net profit margin is 8% Assume there are 360 days in the year