The following ratios have been computed for Mason Company for 2020. 12.5 % Profit margin Times interest earned 8 times Receivables turnover 4 times Acid-test ratio 2:1 Current ratio 3 : 1 Debt to assets ratio 20 % Use the above ratios and information from the Mason Company financial statements to fill in the missing information on the financial statements. Mason Company's 2020 financial statements with missing information follow: MASON COMPANY Comparative Balance Sheet December 31 2020 2019 Assets Cash $ 30,000 $ 45,000 Short-term investments 10,000 25,000 Accounts receivable (net) 40,000 Inventory 50,000 Property, plant, and equipment (net) 200,000 160,000 Total assets $ $320,000 Liabilities and stockholders'equity Accounts payable $ $ 30,000 Short-term notes payable 40,000 35,000 Bonds payable 20,000 Common stock 220,000 200,000 Retained earnings 60,000 35,000 Total liabilities and stockholders' equity $ $320,000 MASON COMPANY Income Statement For the Year Ended December 31, 2020 Net sales $200,000 Cost of goods sold 75,000 Gross profit 125,000 Expenses Depreciation expense $ Interest expense 5,000 8,000 Selling expenses Administrative expenses 12,000 Total expenses Income before income taxes Income tax expense Net income $