Using the Balance Sheet below, present and discuss the Terracotta Company's Balance Sheet using your voice on PowerPoint or YouTube. Consider the intended audience for your presentation. Consider addressing the elements on which the Board of Directors requested information throughout the project: (1) Accounts receivable and the bad debt process; (2) Payroll liabilities as well as other current or long-term liabilities; and (3) the types of investments held by ABC Company.

Terracotta Company Balance Sheet Dec. 31, 2018 and Dec. 31, 2019 2018 2019 Assets Current Assets. Cash and cash equivalent $ 231,000 244,860 Negotiable documents 68,230 74,300 Accounts receivable 31,700 33,000 Provision for bad debts 2,650 (3,350) Accounts receivable, Net 29,050 37,000 Inventories 6,325 8,670 Prepaid expenses 410 980 Negotiable documents available for sale 7,980 15,500 Total Current Assets $ 342,995 381,310 Property, plant and equipment 280,400 250,540 Other assets 3,700 300 Total Assets $ 627,095 632,150 Liabilities and Capital of Shareholders Current Liabilities Notes payable and current amount of long-term debts $ 48,900 64,800 Accounts payable 47,300 32,600 Total Current Liabilities 96,200 97,400 Long-Term Debt 214,945 255,700 Total liabilities $ 311,145 353,100 Shareholders' Capital Common stock, $ 10 par value; 50,000 authorized shares; 20,000 shares issued and outstanding 170,950 170,350 Retained earnings145,000 108,700Total Capital of Shareholders 315,950 279,050 Total Liabilities and Capital of Shareholders $ 627,095 632,150