PROBI.FME USE THE INFORMLTION BELOW TO ANSWER QUESTIONS 42,43,44 and 45 Red Company began operation on January 1, 2017. On January 1. 2017 the company purchased $25,000 of Equipment. Red Company has not purchased any additional equipenent since this initial purchase, nor have they sold any equipment. This equigment is being depreciated on a straight-line basis to a $5,000 salvage value over an estimated depreciable life of 10 years. The following is a list of some of the income statement accounts (for the period January 1, 2021 to Decernber 31, 2021), some of the balance sheet accounts (on December 31, 2021) and a few financial ratios for Red Co. (for the year ending December 31, 2021). NOTFS: In 2021, 60% of Red Company sales were on credit; the remainder were cash sales. The average collection period was calculated using a 360 -day year. Retained earmings as of December 31,2020=$5,000. Use Long-term deht as a plug figure to make your balance sheet balance. 42. What was Current assets on the Red Company"s December 31, 2021 Balance Sheet? 43. What was Total assets on the Red Company's December 31, 2021 Balance Sheet? 44. What was Lent-ferm debt on the Red Company"s December 31, 2021 Balance Sheet? 45. What was Capital surplus on the Red Company's December 31, 202I Balance Sheet