gnmentSessionlocator Binpro. The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. Assets $30,000 Cash and short-term investments Accounts receivable (net) Merchandise inventory Property, plant, and equipment 20,000 15,000 185,000 Total assets $250,000 Liabilities and Stockholders' Equity Current liabilities $45,000 70,000 Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 135,000 $250,000 Income Statement Sales $85,000 Cost of merchandise sold 45,000 Gross profit $40,000 gnmentSessionlocator Binpro. The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. Assets $30,000 Cash and short-term investments Accounts receivable (net) Merchandise inventory Property, plant, and equipment 20,000 15,000 185,000 Total assets $250,000 Liabilities and Stockholders' Equity Current liabilities $45,000 70,000 Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 135,000 $250,000 Income Statement Sales $85,000 Cost of merchandise sold 45,000 Gross profit $40,000