) BBE ended their first year of business with the following rights and obligations [Please complete independently from #2] (create only a balance sheet): BBE owns a delivery truck with a gross value of $200,000, of which $50,000 was depreciated in the first year. BBE is owed $25,000 from customers. BBE has cash on hand of $200,000 BBE owes the employees $13,000 BBE borrowed $150,000 to buy their truck and incurred $15,000 of interest, their first installment payment and interest payment is due next year (this is same truck as bullet one).

What are BBEs Total Assets at the end of year 1?

What are BBEs Total Liabilities at the end of year 1?

What is BBEs Equity at the end of year 1?

Calculate BBEs Debt-to-Equity ratio.

Calculate BBEs Current ratio.

Bonus Question: What is your recommendation for BBE to do with their cash at year-end?