31. Consider the following balance sheet: Cash $ 70,000Accounts payable $ 30,000 Accounts receivable 30,000Long-term debt 20,000 Inventories 50,000Common stock 200,000 Net fixed assets 350,000Retained earnings 250,000 Total assets $500,000Total claims $500,000 Which of the following statements is most correct? a. The business is not-for-profit. b. The business, in the aggregate over time, has been profitable. c. The business is probably using too much debt financing. d. The business has $450,000 in its equity accounts (common stock and retained earnings); thus, it has this much money available to spend on new facilities. e. The business has a short-term bank loan outstanding.