You are the Senior Credit Officer at your bank. Miss James, your Junior Credit Officer, has presented the following projected data for 2019 supplied by The Mosely Corporation. She has asked for your assistance in completing the statement of financial position. The Mosely Corporation has applied for a loan to start a project that you will eventually make the credit decision on. Mosely's actual sales for 2018 were $2,400,000. The bank's lending policy requires that a borrower's financial position must show equity of at least 20% in order to attract the bank's funding. (a) Use the data to complete the statement of financial position for 2019 (13 marks) Data supplied by The Mosely Corporation Growth in Credit sales for 2019 Cost of goods sold Total assets turnover Cash to total assets Accounts receivable turnover Inventory turnover Current ratio Debt to total assets 50% $3,000,000 2.4 times 2.0% 8.0 times 10.0 times 2.0 times 65.0%