The balance sheet for Iguazu Corporation is given below. Sales for the year were $2,105,000, with 80% of sales sold on credit. The cost of sales for the year were $1,184,000. Iguazu Corporation Balance Sheet as per Dec 15, 2021 Assets Cash Accounts receivable Inventory Current assets Plant and equipment Total assets 90,000 250,000 280,000 620,000 890,000 1,510,000 Liabilities and Shareholders' Equity Accounts payable 200,000 Accrued taxes 32,000 Accrued salaries 93,000 Current liabilities 325,000 Mortgage 455,000 Total liabilities 780,000 Common stock 350,000 Retained earnings 380,000 Total shareholders' equity 730,000 Total liabilities and shareholders' equity 1,510,000 a) Blank #1: Calculate the average collection period (i.e. A/R holding period). Round UP to whole dollar amount (O decimal). b) Blank #2: Calculate accounts payable period. Round UP to whole dollar amount (O decimal) c) Blank #3: Calculate the cash conversion cycle. d) Blank #4: Briefly interpret the result in c); What does the number mean for Iguazu Corp.' working capital management? (1-2 sentences) e) Blank #5: Assume that Iguazu Corporation takes a self-liquidating loan of $53,700 for 60 days. Iguazu Corp. pays $478 interest on the loan. What is the annual interest rater on the loan? (round to 2 decimals, provide result without % sign) f) Blank #6: Iguazu Corporation is considering to allow consumers to pay later, which would increase the new average collection period to 90. What would be the new accounts receivable balance in this case? (round to the nearest $. No decimals) g) Blank #7: Assume that Iguazu Corporate has an investment opportunity for marketable securities of 3%. If the new accounts receivable balance was $440,000, what would be the annual opportunity cost of allowing customers to pay later? (round to the nearest $. No decimals)