PII-IIThe statement of financial position for Paragon Corporation at November 30, 2011 the end of its current fiscal year, follows. The market price of the company's common stock was $4 per share on November 30, 2011. thousands) Current assets: s 6,000 Cash 7,000 Accounts receivable 6,600 Less: Allowance for doubtful accounts 400 Merchandise inventory 16,000 Supplies on hand 1000 $30,000 Prepaid expenses Total current assets Property, plant, and equipment 27,500 Land Building $36,000 Less Accumulated depreciation 13,500 22,500 Total property, plant, and equipment Total assets $80 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 6400 Accrued interest payable Accrued income taxes payable Accrued wages payable Deposits received from customers 2,000 $12,000 Total current liabilities Long-term deb Bonds payable-20-year, 8% convertible debentures 20,000 due December 1, 2016 (Note 7 Less: Unamortized discount 200 19, 31,800 Total liabilities