For questions 8-25, create and income statement and a balance sheet. Assume that the income tax rate for Peters cookies is 6% and Peter's cookies does not incur an additional debt, issue any additional stock or distribute any dividends (hint round up taxes to the next whole dollar and net income is equal to retained earnings) Question 15 Incorrect Mark 0.00 out of 0.17 P Flag question Financial data Cash Cost of goods sold 90,555 Short term debt Sales(revenue) Building Long term debt Expenses Inventory Interest expense Equipment Accounts payable 122,000 Accounts receivable 36.000 Equity Marketable securities 150,000 12,000 100,000 241,055 175,000 120,000 73,555 37,955 6,000 32,733 35,000 As of December 31, 2012 what are the current liabilities for Peter's Cookies Select one a. $342,000 b. S202.000 x c. $222,000 d. $220,000