3. Consider the following balance sheet, for Games Inc. Because Games Has $800,000 of retained earnings, we know that the company would be able To pay cash to buy an asset with a cost of $200,000. (Chapter 3)(8 points) Cash $ 50,000 Accounts payable $ 100,000 Inventory 200,000 Accruals 100,000 Accounts receivable 250,000 Total CL $ 200,000 Total CA $ 500,000 Debt 200,000 Net fixed assets $ 900,000 Common stock 200,000 Retained earnings 800,000 Total assets $1,400,000 Total L & E $1,400,000 a. True b. False