\begin{tabular}{|l|l|r|r|} \hline 1 & The Great Louisiana Cheese Empire (GLCE) & \\ \hline 2 & Balance Sheet & & \\ \hline 3 & & & \\ \hline 4 & Assets & 2019 & 2018 \\ \hline 5 & Cash & 7,282 & 57,600 \\ \hline 6 & A.R & 632,160 & 351,200 \\ \hline 7 & Inventories & 1,287,360 & 715,200 \\ \hline 8 & Total CA & 1926902 & 1124000 \\ \hline 9 & Gross FA & 1,202,950 & 491,000 \\ \hline 10 & Less: Deprec. & 263,160 & 146,200 \\ \hline 11 & Net FA & 939790 & 364800 \\ \hline 12 & Total Assets & 2866592 & 1468800 \\ \hline 13 & & & \\ \hline 14 & Labilities and Equity & 2019 & 2018 \\ \hline 15 & Ayp & 524,160 & 145,600 \\ \hline 16 & Accruals & 489,600 & 136,000 \\ \hline 17 & Notes Payable & 636,808 & 200,000 \\ \hline 18 & Total CL & 1650568 & 481600 \\ \hline 19 & Long-term debt & 723,432 & 323,432 \\ \hline 20 & Common stock & 460,000 & 460,000 \\ \hline 21 & Retained earnings & 32,592 & 203,768 \\ \hline 22 & Total Equity & 492592 & 663768 \\ \hline 23 & Total L \& & 2866592 & 1468800 \\ \hline 24 & & & \\ \hline \end{tabular} Income Statement 48 49 50 51 52. Sheet1 Workbook Statistics For 2018, GLCE's Profit margin is Select one: a. 5.55% b. 2.65% c. 2.17% d. 3.5% e. 2.56%