httes www.mathxl.com/Student/PlayerHomework aspxthomeworkid 48 ACC1200-SU2018 Homework: HW CH12 Score: 0 of 1 pt 12.2-12 The balance sheet of Incrad Clothes, LLC, as of December 31, 2017 is presented below. 28 of 40 (2 Assets Liabilities Cash Merchandise Inventory Furniture Computer Other Assets $15,000 Accounts Payable 56,000 Bank Loar 12,000 Partner's Equity 15,000 Chad, Capital 22.000 Brad, Capital $12,000 25,000 45,000 8.000 $120,000 Total Liabilities and Total Assets 120,000 Partner's Equity Which of the following statements is true regarding Incrad's balance sheet? O A. The computer was purchased at a cost less than $15,000 O B. Brad and Chad have limited liabilities for the partnership's debts because it is a limited liability company O C. The bank loan of $25,000 should be considered part of the Partner's Equity. O D. The current market value of the furniture is $12,000