USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 42 through 46 Financial Data for Spinaway, Inc. (Unless otherwise noted, all data is for December 31, 2022) Number of shares outstanding 120,000 $1,500,000 Average collection period (days) 36 Sales Accounts payable days 18 Gross profit margin 20% Retained earnings (Dec 31, 2021) $328,000 Inventory turnover ratio 5 Dividends paid in 2022 $75,000 Notes payable $22,000 Accruals $9,000 Net profit margin 8% Land $186,000 Return on assets 5.0% Debt ratio 64% Percent of sales on credit 90% Par value per share $0.40 Gross fixed assets $3,426,000 Accumulated depreciation $1,840,000 Assume a 360-day year and assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions 42, 43, 44, 45 and 46. NOTE: When you create the balance sheet associated with the data above, round all figures (if necessary) to the nearest whole dollar (i.e., to 0 decimal places). Be sure that your final balance sheet balances. Cash Accounts receivable Inventory Current assets Gross fixed assets Spinaway, Inc. Balance Sheet for the Year Ending December 31, 2022 (Accumulated depreciation) Net fixed assets Land Total assets Notes payable Accounts payable Accruals Current liabilities Long-term debt Total liabilities Common stock Capital surplus Retained earnings Total liab. & equity