A company's current cash balance is $20,482,000 and cash flows from operations next period remain unchanged. They take ONLY the following actions relating to cash flows from investing and financing activities:

Issues 100,000 shares of stock at the current stock price

Issues $200,000 of long-term debt

Pays $40,000 in dividends

Given this information, which of the following activities will expose them to the most risk of bankruptcy

Sells $5,000,000 of their long-term assets

Retires $20,000,000 in long-term debt

Liquidates the entire inventory

Purchases assets at a cost of $15,000,000

All of the aboverisk of bankruptcy