MELINDA GARCIA CAREER SERVICES Balance Sheet August 31, 20X4 Cash. Accounts receivable. Office supplies Office furniture. Land Total assets. Assets Liabilities $ 11,000 Accounts payable. $ 6,000 7,000 Note payable... 168,000 1.000 Total liabilities.. 174,000 56,000 169.000 Owner's Equity Melinda Garcia, capital.... 70,000 Total liabilities and $244.000 owner's equity.. $244,000 Required 1. Solely on the basis of these balance sheets, to which entity would you be more comfort- able lending money? Explain fully, citing specific items and amounts from the balance sheets. 2. In addition to the balance sheet data, what other information would you require? Be specific.