Balance Sheet Years ending December 31 ASSETS Current assets: Cash and equivalents Accounts receivables Inventory Total current assets Net fixed assets: Net plant and equipment Total assets LIABILITIES AND EQUITY Current liabilities: Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total debt Common equity: Common stock Retained earnings Total common equity Total liabilities and equity Year 2 Year 1 $138,375 $110,700 $50,625 $40,500 $148,500 $118,800 $337,500 $270,000 $412,500 $330,000 $750,000 $600,000 $0 $7,031 $39,844 $0 $0 $37,500 $46,875 $37,500 $140,625 $112,500 $187,500 $150,000 $365,625 $292,500 $196,875 $157,500 $562,500 $450,000 $750,000 $600,000 Long-term bonds Total debt Common equity: Common stock Retained earnings Total common equity Total liabilities and equity $46,875 $37,500 $140,625 $112,500 $187,500 $150,000 $365,625 $292,500 $196,875 $157,500 $562,500 $450,000 $750,000 $600,000 Based on your understanding of the different items reported in the balance sheet and the information they provide, which statement regarding Green Caterpillar Garden Supplies Inc.'s balance sheet is consistent with U.S. Generally Accepted Accounting Principles (GAAP)? The company's assets should be listed in alphabetical order. The company's assets should be listed in the order in which they are to be converted into cash. The company's assets should be listed from those carrying the largest balance to those with the smallest balance