The owner of Delton Property Rentals, Teal Delton, has requested an emergency meeting with you, a representative from the bank. "Our accountant has been on leave for the past several months and her replacement has resigned suddenly. I'm told we can't pay our employees this month and your bank won't lend us any money. I don't understand. We have lots of assets that can be used to pay expenses, as you can see from our balance sheet."

You explain to Mr. Delton that you will need to obtain some additional information. He faxes you the following:

*$200,000 principal is due annually each February 1.
**No withdrawals were made during 2013 or 2014.
Required
Using the elements of critical thinking described on the inside front cover, comment.