Below are the 2017 and 2018 year-end balance sheets for Conan the Barbarian's Kingdom Assets: 2018 2017 Cash $ 200,000 $ 170,000 Accounts receivable 864,000 700,000 Inventories 2.000.000 1,400,000 Total current assets $3,064,000 $2,270,000 Net fixed assets 6.000.000 5.600.000 Total assets $9,064.000 $7.870,000 Liabilities and equity: Accounts payable $1,400,000 $1,090,000 Notes payable to bank 1.600.000 1.800.000 Total current liabilities $3,000,000 $2.890.000 Long-term debt 2,400,000 2,400,000 Common stock 3,000,000 2,000,000 Long-term debt 2,400,000 2,400,000 Common stock 3,000,000 2,000,000 Retained earnings 664.000 580,000 Total common equity $3,664.000 $2.580.000 Total liabilities and equity $9,064,000 $7,870,000 Since Conan has been off fighting Wizards in some mystical lands, he has never paid a dividend on its common stock. Conan had also issued $2,400,000 of 10-year, non-callable, long-term debt in 2017. As of the end of 2018, none of the principal on this debt had been repaid. Assume that Conan's Sword and Shield business sales in 2017 and 2018 were the same. From the list below, which statement must be CORRECT? Conan increased its short-term bank debt in 2018. Conan issued long-term debt in 2018. O Conan issued new common stock in 2018, Conan repurchased some common stock in 2018. Conan had negative net income in 2018