Cornerstone Co. Balance Sheet Accounts Bonds Payable 12/31/17 $2,100 400 Cash 12/31/18 $2,100 392 128 500 145 500 Accounts Receivable Preferred Stock Accounts Payable Land Common Stock 244 3,285 250 3,285 1,200 1,200 480 520 320 400 Inventory Retained Earnings Unearned Rent Revenue (to be earned in 2 months) Prepaid Insurance (3-month policy) Taxes Payable 40 114 28 173 20 20 Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 Insurance Expense Interest Expense Cost of Goods Sold Rent Revenue Net Sales Revenue Tax Expense $60 32 1,500 25 2,000 27 Other Information 2018 Dividends to Common Shareholders 2018 Dividends to Preferred Shareholders 2018 Common Shares outstanding 2018 Preferred Shares outstanding 2018 Stock Price $40 $200 100sh 50sh $100 All Sales on credit Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the question Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 $60 Insurance Expense Interest Expense Cost of Goods Sold 32 1,500 Rent Revenue 25 2,000 Net Sales Revenue Tax Expense 27 Other Information $40 $200 2018 Dividends to Common Shareholders 2018 Dividends to Preferred Shareholders 2018 Common Shares outstanding 2018 Preferred Shares outstanding 2018 Stock Price 100sh 50sh $100 All Sales on credit Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the question. What is the 12/31/18 Debt-to-Total-Assets Ratio? Select one: a..64 b. .52 c..53 d..54 e..55 Cornerstone Co