The following is true about the Balance Sheet:

I. Net Fixed Assets are equal to Gross PPE minus the Accumulated Depreciation

II. Shareholders' Equity consists of Common Stock plus Retained Earnings minus Treasury Stock

III. Debt due for Repayment within 12 months and Accounts Payable are part of Current Liabilities

IV. Assets minus Shareholders' Equity equals Total Liabilities

Group of answer choices

I only

II and III only

I, II, and III only

II, III, and IV only

I, II, III, and IV