Using the following information, fill in the balance sheet below, and then answer questions 40-44 Using the following information, fill in the balance sheet below, and then answer the questions below Mullica, Inc. began operation on January 1, 2018. On January 1, 2018, the company purchased $382,000 of equipment. Mullica has not purchased any additional equipment since this initial purchase, nor have they sold any equipment. This equipment is being depreciated on a straight-line basis to a $22,000 salvage value over an estimated depreciable life of 10 years. The following is a list of some of the income statement accounts (for the period January 1, 2021 to December 31, 2021), some of the balance sheet accounts (on December 31, 2021) and a few financial ratios for Chartreuse, Inc. (for the year ending December 31, 2021). Sales = 378,000 Cash = 12,400 Tax rate = 20% Accruals = 6,200 Acct. Payable Days = 30 Average collection period = 45 days Gross profit margin = 40% Current ratio = 2.5 Dividends paid 980 Debt ratio = 30% Times interest earned = 10 Inventory turnover ratio = 6 Operating expenses (excl. dep.) = 64,700 NOTES: In 2021, 80% of Mullica, Inc. sales were on credit; the remainder were cash sales. The average collection period was calculated using a 360-day year. Use COGS/Inventory for inventory turnover ratio formula. Retained earnings as of December 31, 2020 = $32,000. Use Common Stock as a plug figure to make your balance sheet balance. Use year-end numbers for ratios that involve both B/S and I/S (instead of average between two years). Round ALL values in the balance sheet to the nearest dollar (e.g., $327.84 = 328).