Emerald Company was established in January, Year 1. During Year 1 the company experienced the events Collected $50,000 cash from the issue of common stock. Borrowed $45,000 cash from the state bank. Earned $120,000 of cash revenue. Paid $180,000 cash expenses. The company was liquidated at the end of Year 1. Based on this information the stockholders would receive $50,000. the stockholders would receive $110,000. the creditor (the bank) would receive $35,000 the creditor (the bank) would receive $45,000