PLEASE ANWSER! I HAVE 5 MIN LEFT ITS ONLY WRITING EXPLAINATION IT MIGHT BE EAZY FOR YOU ITS A CASE STUDY QUESTION.

Raj Singh is a young man who has just inherited a business from his father, Viresh. Raj has little business experience but is anxious to learn and willing to work hard. The business has not been operating very profitably lately because it badly needs to replace outdated equipment. This will cost $35 000. The latest balance sheet of the business shows the following: BANNAGER'S CLEANER BALANCE SHEET APRIL 30, 20- Assets Liabilities Cash $ 3000 Accounts Payable $ 5 000 Accounts Receivable 17 000 Bank Loan 30 000 Land 330 000 Mortgage Payable 250 000 Building 150 000 Total Liabilities $285 000 Equipment 20 000 Owner's Equity V. Singh. Capital 235 000 Total Assets $520 000 Total Liabilities and Equity $520 000 After examining the balance sheet, Raj believes that he sees the solution to the problem. He wants to use the equity to purchase the new equipment. The accountant hastens to point out to Raj that this is not possible. Raj demands an explanation. What explanation will the accountant give