QUESTION 02- 12.5 MARKS Consider the following balance sheet, for easy lunchbox. Will the company be able to pay cash to buy an asset with a cost of $200,000 knowing they have $800.000 in retained earnings? Cash $ 50,000 Accounts payable $ 100,000 Inventory 200,000 Accruals 100,000 Accounts receivable Total CL $ 200,000 250,000 $ 500,000 Total CA Debt 200,000 Net fixed assets $ 900,000 Common stock 200,000 Retained earnings 800,000 Total assets $1.400.000 Total L & E $1.400.000