The following information and financial statements excerpts pertain to Liquidity i a. All short term invesnnents (securities available for sale) were purchased or 1231514 and sold during 2815. b. The company entered a lease agreement on 12;!'311!r 15. c. Fitted assets with a net book value of $15 were sold during the year. d. The company repaid the current portion of long-term debt during the year. e. Dividend was declared and partially paid. 2014 2015 Assets Cash 54 45 Short term investments 85 8 Accounts receivable 45 85 Inventory 52 25 Prepaid general expenses 11 15 Fixed assets under capital lease, net 8 50 Fitted assets, net i E 422 488 Liabilities and stockowners' equity Accounts payable 38 48 1Wages payable 12 8 Tax payable 3 5 Dividend payable 8 4 Current portion of long term debt 18 12 Obligations under capital leases U 50 Long term debt 183 188 Common stock 158 183 Retained earnings j 30 422 488