Question2of 5 =) Sheridan Ltd. is a small restaurant and culinary business started four years ago by Maria Miller. Initially the company's operations consisted of a small diner. In 2023, the company added online culinary lessons to expand sales. The online culinary events are sold to corporations that provide the lessons as performance incentives to their employees. As the culinary lessons side of the business grew in 2024, the company purchased a used vehicle to deliver meal kits to be used for the lessons. All sales in the diner are cash, debit, or credit card, but culinary lessons, which are sold to corporations, are invoiced after the event with payment due in 30 days. Most of the company's suppliers offer terms of 15 days. Selected financial information for Sheridan Ltd. follows. Assets Cash $10,950 $6,220 Accounts receivable 19,560 13,680 Inventory 12,330 7,580 Land 18,450 18,450 Building and equipment 39,460 34,150 r Total assets $100,750 $80,080 Liabilities and equity Accounts payable $8,080 $7,650 Short-term note payable I 2,430 1,980 Mortgage payable current 4,870 4,870 Mortgage payable 29,530 34,920 Share capital 16,050 16,050 Retained earnings 39,790 14,610 Total liabilities and equity $100,750 $80,080 Other information