Mary Walker, president of Rusco Company, considers $41,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $36,000 in cash was available at the end of 2015. Since company ce thecompany reported a large net income for the year, and also issued both bonds Rusco Comparative Balance Sheet July 31, 2015 and 2014 Assets Current assets Cash Accounts Receivable Inventory Prepaid expenses S 36,000 S 58,200 225,200237,300 268,900 208,600 40,200 21,700 Total current assets 551,800 544.300 Long-term investments 153,000225,000 Plant and equipment Less accumulated depreciation 902,000 220.500 771,000 196,300 Net plant and equipment 681,500 574,700 Total assets $1,386.300 $1.344,000 Liabilities and Stockholders Equity Current liabilities Accounts payable Accrued liabilities Income taxes payable 5 193,900 S 253,100 9.200 49.500 10.100 58.800 262 800 263,000 321,800 Total current liabilities Bonds Payable Total liabilities 525,800 321,800 Stockholders' equity Common stock Retained earnings 735000 705,000 125,500 317 200 Total stockholders' equity 860,500 1,022.200 Total labilties and stockholders' equity 5 1,386.300 $1.344,000