With working please.

BONUS QUESTION 6 Use this account information to answer the following questions: 2019 - Selected Income Statement Items for Rian Company Cash Sales $298,000 Credit Sales $672,000 Total Sales $970,000 Cost of goods sold $570,000 2018& 2019 - Selected Balance Sheet Accounts of Rian Company 31/12/1931/12/18 Change Accounts Receivable $38,000 $46,000 $8,000 Inventory $55,000 $59,000 $4,000 Accounts Payable $27,000 $25,000 $2,000 Required: a. Find the average production cycle for Rian Company. b. For the coming year, Rian Company wants to reduce its average production cycle to thirty days. If the target-ending inventory for 2020 is $61,000, what cost of goods sold will the company need to reach its goal? c. What is the average collection cycle for RianCompany