Use the following information to answer the next 4 questions. ABC Corp. was founded on 1/1/2018. The initial balance sheet is as follows: Balance Sheet-1/1/2018 Assets Cash 7000 Long Term Assets 500 Total 7500 Liabilities and Owners Equity Debt 3500 Stock 4000 Total 7500 Suppose that the following transactions occurred between 1/1/2018 and 1/31/2018: 1. Inventory purchase of $1200 (due on 2/15/2018) 2. $950 worth of cash sales (paid in cash) 3. $1000 worth of credit sales (due on 3/31/2018) 4. Operating Accruals of $75 5. Depreciation of $90 6. Taxes of $100 (paid on 1/15/18) 7. Interest of $20 (paid on 1/20/18)