Olsen's Olfactory, Inc. Balance Sheet December 31, 2021 Assets Cash Accounts receivable Inventories Property, plant & equipment Other assets Total Assets Liabilities Accounts payable Notes payable $ 568 310 208 391 869 $ 2,346 $ 250 4

Olsen's Olfactory, Inc. Balance Sheet December 31, 2021 Assets Cash $568 Accounts receivable 310 Inventories 208 Property, plant \& equipment 391 Other assets 869 Total Assets $2.346 Liabilities Accounts payable $250 Notes payable 4. How many of the following statements regarding the balance sheet for Olsen's Olfactory, Inc. are true? - Olsen's owes its suppliers $310. - Common stock is misclassified. It should be reported as an asset. - Total Current Assets for Olsen's equals $1,086. A. None B. One C. Two D. Three