Please answer all parts of question 2.

You have just been hired as a loan officer at San Diego State Bank. Your supervisor has given you a file containing a request from Mobile Company, a manufacturer of auto components, for a $1,000,000 five-year loan. Financial statement data on the company for the last two years are given below Mobile Company Comparative Balance Sheet This Year Last Year Assets Current assets Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses S 424,000 99,000 607,000 730,000 70,000 S 327,000 904,000 1,330,000 85,000 Total current assets Plant and equipment, net 2,646,000 3,435,800 1,930,000 3,091,400 Total assets $6,081,800 S 5,021,400 Liabilities and Stockholders' Equity Liabilities Current liabilities Bonds payable S 1,250,000 1,280,000 S 750,000 1,080,000 Total liabilities 2,530,000 1,830,000 Stockholders' equity: Preferred stock, 896, $30 par value Common stock, S40 par value Retained earnings 600,000 2,000,000 951,800 600,000 2,000,000 591,400 Total stockholders' equity 3,551,800 3,191,400 Total liabilities and stockholders' equity S6,081,800 S 5,021,400