Mary Walker, president of Rusco Company, considers $14,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $8,000 in cash was available at the end of 2015. Since the company reported a large net income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms. Walker July 31, 2015 and 2014 Assets Current assets: Cash Accounts Receivable Inventory Prepaid expenses S 8,000 21,000 80,000 90,000 9,000 120,000 140,000 5,000 Total current assets 273,000200,000 Long-term investments 50,00070,000 Plant and equipment 430,000300,000 50,000 60,000 Net plant and equipment 370,000250,000 Total assets $ 693,000 $520,000 Liabilities and Stockholders Equity Current liabilities Accounts payable Accrued labilities S 123,000 $ 60,000 17000 12,000 8.000 20,000 income taxes payable 151.000 Total current liabilitios Bonds Payabic 89.000 0 Tota liabitties 221.00089,000 Common stock Rotainod earnings 366,000346.000 106,000 85,000 Total stockholiders equity 472.000431.000 Total iabities and s tockholdors' equity S 693.000 $520,000