Consider the following balance sheet: Cash $ 70,000 Account payable $ 30,000 Account receivable $ 30,000 Long-term debt $ 20,000 Inventory $ 50,000 Common stock $200,000 Net fixed assets $350,000 Retained earnings $250,000 Total assets $500,000 Total liabilities and equity $500,000 Which of the following statements is the most correct and please explain your answer? a) The business, in the aggregate over time, has been profitable. b)The business has $450,000 in its equity accounts (common stock and retained earnings); thus, it has this much money available to spend on new facilities. c)The business is not-for-profit. d)The business has a short-term bank loan outstanding.