The following information pertains to Carlton Company Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit Accounts receivable (net) Cash and short-term investments Property, plant and equipment Inventory Total Assets Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and stockholders' equity Sales Cost of goods sold Gross margin Operating expenses Net income Assets Liabilities and Stockholders' Equity Income Statement $40,000 25.000 20,000 210.000 $295.000 60,000 85,000 150.000 $295.000 $85,000 45.000 40.000 20.000 $20.000