The financial statements for Thor and Gunnar companies are summarized here: Thor Gunnar Company Company Balance Sheet 29,000 53,200 Cash Accounts Receivable, Net 71,000 22,000 Inventory 142,000 18,000 Equipment, Net 758,000 180,000 62,400 Other Assets 190,000 Total Assets $1,190,000 $335,600 156,000 17,000 Current Liabilities Note Payable (long-term) (12% interest rate) 254,000 54,000 Common Stock (par $20) 666,000 246.000 Additional Paid-in Capital 64,000 7,000 Retained Earnings 50,000 11,600 $335,600 Total Liabilities and Stockholders' Equity $1,190,000 Income Statement $1,102,000 $318,000 Sales Revenue Cost of Goods Sold 666,000 174,000 Other Expenses 330,000 108,000 106,000 36,000 Net Income Other Data 29.00 Per share price at end of year 12.80 Selected Data from Previous Year 21,200 Accounts Receivable, Net 800 127,000 Inventory 39,600 180,000 Equipment, Net 000 Note Payable (long-term) (12% interest rate) 254,000 54,000 Total Stockholders' Equity 264,600 780,000 These two companies are in the same business and state but different cities. Each company has been in operation for about 10 years. Both companies received an unqualified audit opinion on the financial statements. Thor Company wants to borrow $99,000 and Gunnar Company is asking for $30,000. The loans will be for a two-year period. Neither company issued stock in the current year. Assume the end-of- year total assets and net equipment balances approximate the year's average and all sales are on account