Question (1): (14 marks) Selected financial data for Wilmington Corporation is presented below Wilmington Corporation Balance Sheet As of December 31, 2017 Dec. 31, 2017 Dec. 31,2016 Current Assets Cash and cash equivalents Markctable sccuritics Accounts receivable (net) Inventories S 576,843 166,106 258,387 424,493 55,369 83,053 564,251 S 305,088 187,064 289,100 391,135 25,509 85,029 1.282,925 id e Other current assets Total Current Assets lant and equi Long-term investment Total Assets 1,384,217 568,003 S3,516,471 625,421 425,000 2.333.346 Current Liabilitics Short-term borrowin Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities S 306,376 155,000 254,111 73,658 97.735 1,086,880 S 170,419 168,000 286.257 166,983 178,911 970,570 Long-term debt Deferred income tax Total Liabilitics 500,000 215,017 801,897 300,000 262,404 S1,532,974 es Common stock Additional paid-in capital Retained earnin Total Stockholders' Equit Total Liabilities and Stockholders S 425,250 356.450 932,874 1,714,574 3,516,471 S 125,000 44,335 331,037 800,372 S2,333,346