28) The Marsh company, whose balance sheet is summarized below, is considering the issuance of $50 million of 8% subordinated debentures that are convertible into common stock at a price of $20 (millions of Balance sheet dollars) Current Assets 5150 Current $100 Liabilities Fixed Assets S350 $150 net Debt Common $250 Equity Long-term 5500 $500 Total Total Determine the amount of long-term debt (LTD) and common equity (CE) on the proforma balance sheet assuming conversion of the entire issue A) LTD 5150, CE $250 B) LTD $150, CE 5300 C) LTD $200, CE 5300 D) LTD 5200, CE 5250