Gimen Caterpillar Garden Supolies InciBalance Sheet for Year Ending December 31 (Millions of Dollars) Given the information in the preceding balance sheet-and assuming that Grecn Caterpillar Garden. Supplues Inc, has 50 miliont shares of coenmo stock outstanding-read each of the following statements, then identify the selection that best anterprets the informationi comveyed by the balane This statement is because: Green Caterpollar's total curtent labalies balance decressed by $4,500 million between Year I and Year Z. Green Caterpillar's total current kabhties balance increased from $2,700 enillise to 53,33 indlion between Year 1 and Year 2 . Gieen Caterpillar's tetal curtent asset bulance actually increased from 518,000 mulion to $22,500 mallion between Vear 1 and year? Statement =2: On December 31 of Yrar 2 , Green Caterpillar Garden 5upplies Ince had 59,225 mellon of actual money that it cesild have spent imrnetficely. Phis stafernent is a because: Geeen Caterpiliar's Year 2 cash and eguivalents balance is $23,220 the fands recorded in Green Caterpillar's mhh and equivalents account represcoits fungh that are either cash of can be toncutidet mio tabh ainost irmediately The hunds resorded in Green Caterpilar's accocints teceivable account repeesents furids that are entucr cash or can be coererted wite einh aimest immondiatsiy Statenent \#3: The book valae of one of Green Caterpillar's foced assets is calculated as the eriginal cost of the asset manus its anniaat depreciation ixpense. Thes statement is Hecause: An asset's net book value is calculated by subtracting irs annial depreciation expense from its total historic and insaliaticn coitn Ar asset's net book value is calculated by subtracting its accumalated depreciation expense from its total historic and anstallation casts An asset's net book value is calculated by adding its annual depriciation expense to its total historic and installation costs Based on your understanding of the different items reported en the balance sheet and the informatian thery previde, which statement regarding Gree Caterpillar Garden Supplies Inci's balance sheet is consistent wikh U.5. Generally Accepted Accounting Puincpless (CAAP)? The company's debts should be listed from those carrying the largest batance to those with the smaliest balance. The compary's debts should be listed in order of their licuidity; The compary's debts are listed in the order in which they are to be repaid