The Greek Connection had sales of $32.0 million and a cost of goods sold of $20.0 million in 2015. A simplified balance sheet for the firm appears below THE GREEK CONNECTION Balance Sheet as of December 31, 2015 (thousands of dollars) Liabilities and Equity Assets Cash Accounts receivable Inventory Total current assets Net plant, property, and equipment Total assets $2,000 Accounts payable $1,500 1,000 1,220 $3,720 $3,000 $6,720 3,950 Notes payable 1,300 Accruals $7,250Total current liabilities $8,500 Long-term debt $15,750 To liabilities