The following information is available for Pepper Industries. All sales during the year were on account.

The following information is available for Pepper Industries. a. All sales during the year were on account. b. There was no change in the number of shares of common stock outstanding during the year. c. The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year.d. Selected balances at the beginning of the current year were: ——————————————————————————–e. Selected financial ratios computed from the statements for the current year are: Return on total assets 12 % ——————————————————————————–Required: Compute the missing amounts on the company’s financial statements. (Round average number of common shares outstanding to nearest thousand, Debt-to equity ratio to 3 decimal places, Total stockholders’ equity to nearest thousand and your final answers to the nearest whole dollar amount. Omit the “$” sign in your response.)Pepper IndustriesIncome StatementFor the Year Ended March 31 Interest expense 69,000 Net income $ ——————————————————————————–Pepper IndustriesBalance SheetMarch 31 Total assets $ Total liabilities and equity $

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