ABC Inc. bought land and built its plant 15 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using the straight-line method, with a life of 30 years and a salvage value of $1,000,000. The depreciation for the equipment, all of which was purchased at the same time the plant was constructed, is calculated using declining-balance method with depreciation rate of 4%. Complete the Balance Sheet below and find: The value for the Total Assets = ? (4 point) The value for the Preferred Shares = ? (4 points) The value for the Acid-Test Ratio = ? (4 points) The value for the Return-on-Equity Ratio = ? (4 points) Note: This is a MULTIPLE-ANSWER problem, you have to select one correct answer for each of the above 4 questions. ABC Industries Balance Sheet (as of June 30, 2021) Assets Current Assets Liabilities and Owners' Equity Current Liabilities Cash 1,500,000 Accounts Payable 1,250,000 Accounts Receivable 500,000 Notes Payable 500,000 Securities 1,500,000 Accrued Expense 250,000 Inventories 1,000,000 Total Current Liabilities Prepaid Expenses 500,000 Total Current Assets Long-Term Liabilities Long-Term Assets Mortgage Long-Term Debt 1,000,000 500,000 Land 2,000,000 Total Long-Term Liabilities Building and Plant 3,000,000 Less accumulated depreciation Owners' Equity (Net Worth) Preferred Shares Equipment 3,000,000 Common Shares 3,500,000