ABC Corporation, a manufacturing company, prepares its balance sheet as of December 31, 2023. The company's assets include cash, accounts receivable, inventory, property, plant, and equipment. Liabilities consist of accounts payable, short-term and long-term debt, and accrued expenses. Shareholders' equity includes common stock and retained earnings. ABC Corporation's balance sheet reflects its financial position after a recent expansion project. Requirements: a. Calculate the total assets of ABC Corporation. b. Determine the total liabilities. c. Analyze the composition of shareholders' equity.