The chief Financial officer (CFO of Martinez Corporation requested that the accounting department prepare a preliminary statement of financial position on December 30, 2018, so that the could get an idea of how the company stood He knows that certain debt agreements with its creditors require the company to maintain a current ratio of a 21. The preliminary statement of financial portion is as follow MARTINEZ CORR Statement of Financial Position December 30, 2016 Assets Uabilities and Shareholders' Equity Current assets Current liabilities $30,600 Accounts payable $25.200 Accounts receivable 30.600 Salaries payable 15,400 $40,600 Prepaid insurance 8632 $69,832 Non current liabilities Property.plant, and equipment (net) 194 168 Bank loan payable 83.100 Total assets $264.000 Total liabilities 121700 Shareholders'equity Common shares 100,300 Retained earrings 40000 1401300 Total abilities and shareholders' equity $264,000 Cash