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2. Balance sheet The baiance sheet provides a snapshot of the financial condition of a compony. Investors and analysts use the information given on the balance sheet and other financial statements to make several interpretations regarding the company's financial condion and performance. Green Caterpillar Garden Supplies inc. is a hypothetical company, Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet. Green Caterpillar Garden Sunplies Inc.Balance Sheet for Year Endina December 31 (Millions of Dollars) Given the information in the preceding balance sheet-and assuming that Green Caterpiliar Garden Supplies Inc. has 50 million shares of commo stock outstanding-read each of the following statements, then identify the selection that best interprets the information conveyed by the balanc sheet. Statement #1:Green Caterpillar's pool of relatively liquid assets, which are avallable to support the company's current and future sales, decreased from Year 1 to Year 2. This statement is , because: Green Caterpiliar's total current liabilities balance increased from $2,700 million to $3,375 million between Year 1 and Year 2 . Green Caterpillar's total current liabilities balance decreased by $4,500 million between Year 1 and Year 2 Green Caterplliar's total current asset balance actually increased from $18,000 million to $22,500mili ion between Year 1 and Year 2 Statement #2: On December 31 of Year 2, Green Caterpillar Garden Supplies Inc. had $9,225 milifon of actual money that it could have spent immediately. This statement is , because: Green Caterpillar's Year 2 cash and equivalents balance is $23,220 The funds recorded in Green Caterpillar's cash and equlvalents account represents funds that are either cash or can be converted into cosh almost immediately The funds recorded in Green Caterpillar's accounts recelvable account represents funds that are either cash or can be converted into cash almost immediately Statement #3: The book value of one of Green Caterpillar's fixed assets is calculated as the original cost of the asset minus its annual depreciation expense: This statement is , because: An asset's net book value is calculated by subtracting its a/jumulated depreciation expense from its total historic and installation costs An asset's net book value is calculated by subtracting its annual depreciation expense from its total historic and installation costs An asset's net book value is calculated by adding its annual depreciation expense to its total historic and installation costs Based on your understanding of the different iterns reported on the balance sheet and the information they provide, which statement regarding Green Caterpillar Garden Supplies Inc.'s bolance sheet is consistent with U.S. Generally Accepted Accounting Principles (GAAP)? The company's debts are listed in the order in which they are to be repaid. The company's debts should be listed in order of their liquidity. The compony's debts should be listed from those carrying the largest balance to those with the smallest balance