2) You are given the following information and incomplete balance sheet of Pfuffle, Inc. Debt to Equity ratio = Long-term Debt . -85%. The company has no preferred stock. Total Common Equity Total Sales Inventory Turnover Ratio = = 7.27. Total sales = $7,997. Inventories Balance Sheet for Pfuffle, Inc. Assets: Liabilities plus Equity: Cash + Marketable Securities $ 80 Total Current Liabilities $ 600 Accounts Receivable Long-term Debt Inventory Net Fixed Assets 2,750 Common Stock 1,200 Retained Earnings 800 Total Assets Total Liabilities + Equity a) Compute the long-term debt for Pfuffle, Inc. b) Compute the amount of Accounts Receivable on the balance sheet