The Nuevo Inn has provided the following selected financial information: \begin{tabular}{|l|rr|} \hline Cash & $ & 150,000 \\ \hline Property and equipment & $ & 2,250,000 \end{tabular} Required: \begin{tabular}{|l|rr|} \hline Income Statement & & \\ \hline Room sales & $ & 1,750,000 \\ \hline Food sales & $ & 650,000 \\ \hline Cost of food sold & $ & 225,000 \\ \hline Net income & $ & 350,000 \\ \hline \end{tabular} 1. Calculate the amount of accounts receivable. Enter your response in this area, Show your work. 2. Calculate the amount of food inventory. Enter your response in this area, Show your work. Ratios \begin{tabular}{l|r} \hline Current ratio & 1.5 \\ \hline Food inventory turnover & 15 times \\ \hline Average collection perioc & 15 days \\ \hline Solvency ratio & 3.5 \\ \hline \end{tabular} 3. Calculate the amount of current liabilities. Enter your response in this area, Show your work. 4. Calculate the total amount of debt. Enter your response in this area, Show your work. 5. Calculate the total amount of owners' equity. Enter your response in this area, Show your work