Please answer the following questions ASAP. Thanks.

1. Refer to the fiscal 2017 income statement and balance sheet of Mullen, Inc. provided below MULLEN, INC Balance Sheet 2017 As of December 31 Assets: Cash and cash equivalents Accounts receivable Inventory 2016 $ 454,000 595,241 518,543 1,567,784 $ 374,585 419,546 548,521 1,342,652 Current Assets Property, plant and equipment Less: Accumulated depreciation Property, plant and equipment-net Intangible assets 1,085,741 (388,139) 697,602 748,545 924,652 (297,504) 627,148 698,545 Total assets $3,013,931 $2,668,345 Liabilities Accounts payable Accrued expenses Self-insurance liabilities Income tax pavable $ 452,484 451,421 255,854 295,877 1,455,636 $ 475,152 373,650 179,652 221,236 1,249,690 Current Liabilities 710,622 2,166,258 655,270 1,904,960 Long-term note payable Total Liabilities Stockholders' Equity: Common stock Capital in excess of par value Retained earnings 51,200 458,000 338,473 847,673 51,200 458,000 254,185 763,385 Total Stockholders' Equity Total liabilities and stockholders' equity $3,013,931 $2,668,345