Belcanto Corporation Experienced a Fire on December 31, 2014, in Which

Belcanto Corporation experienced a fire on December 31, 2014, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. $\begin{array}{lcc}&\underline{\text { December } 31,2014}&\underline{\text { December } 31,2013}\\\text { Cash } & \$ 40,000 & \$ 15,000 \\\text { Accounts receivable (net) } & 84,000 & 126,000 \\\text { Inventory } & 200,000 & 180,000 \\\text { Accounts payable } & 50,000 & 10,000 \\\text { Notes payable } & 30,000 & 20,000 \\\text { Common stock, } \$ 100 \text { par } & 400,000 & 400,000 \\\text { Retained earnings } & 170,000 & 101,000\end{array}$
Additional information:
1. The inventory turnover is 4.2 times
2. The return on common stockholders' equity is 14%. The company had no additional paid-in-capital.
3. The accounts receivable turnover is 10.2 times.
4. The return on assets is 12.5%.
5. Total assets, Dec. 31, 2013 = 604,750.
Instructions
Compute the following values for 2014.
(a) Cost of goods sold.
(b) Net credit sales.
(c) Net income.
(d) Total assets.