Balance Sheet as of December 31, (in thousand USD) 2018 2019 ASSETS Current assets Cash and cash equivalents Trade receivables Inventories Total current assets Non-current assets Property, plant, & equipment Goodwill 8,000 R 25,000 ? ? T 130,000 120,000 30,000 30,000 Intangible assets 7 50,000 Total non-current assets 220,000 200,000 TOTAL ASSETS 7 7 EQUITY AND LIABILITIES Current liabilities Trade and other payables 25,000 25,000 Short term borrowings 2 8,000 Current portion of long-term borrowings 15,000 15,000 Current tax payable 5,000 2,000 Total current liabilities 65,000 50,000 Non-current liabilities Long term borrowings Total liabilities 35,000 50,000 100,000 100,000 Equity Share capital Retained earnings Revaluation reserve Total equity TOTAL EQUITY AND LIABILITIES 100,000 100,000 40,000 15,000 10,000 165,000 150,000 250,000 Please use this balance sheet for the next six questions 1. What were retained earnings at the end of 2018? 2. What were intangible assets at the end of 2018? [Select] 3. What were total equity and abilities at the end of 2018? Select 4. What were total assets at the end of 2018? Select 5. What was the change in total assets between 2018 and 2019? (2018 total asset-2019 total asset) Select 6. What was the change in short-term borrowing between 2018 and 2019 2018 short-term borrowing-2019 short-term borrowing) Select)