Question 1 Bikelt Inc. is a mafor retailer of road bicycles and a promoter of riding bicycles to work, both to save the environment and improve physical fitness, Financial statements for Bikelt are presented below F FINANCIAL POsITn Current Assets 2018 55,000 25,000 30.000 15,000 125,000 2017 20,000 10,000 15,000 10,000 55,000 Cash Accounts receivable Prepaid expenses Total current assets Property and Equlpment Property and equipiment 160,000 150,000 Net property and cquipment TOTAL ASSETS 205,100 $135,000 Current Llabilitles Accounts payable 11,100 1D,Dua 2,000 23,100 100,000 15,000 alaries payable Interest payable Total current liabilities Loan payable 3,000 26,000