• Analyze the balance sheet for Delta Corporation as of December 31, 20X9:

Asset	Amount ($)	Liability	Amount ($)
Cash	100,000	Accounts Payable	50,000
Accounts Receivable	150,000	Notes Payable	75,000
Inventory	200,000	Long-term Debt	150,000
Property, Plant & Equipment	500,000	Shareholders' Equity	475,000

• Discuss the company's liquidity, solvency, and financial position based on the balance sheet.