Using the following assumptions, what will be the retained earnings entry on the balance sheet for CABS in 2017? a. The company wants to hold at least $100k in cash. b. The firm's long-term debt will decrease to $82.6k. C. No new common stock will be issued or repurchased and $50k in dividends will be paid. d. Accounts receivable will scale with sales. e. The company would like to hold $25k in inventory. f. Net income for 2017 is expected to be $90k. g. The note payable will remain the same. h. Accounts payable and accruals will scale with sales. Figure 4.10. CABS Balance Sheet (Thousands of Dollars) Assets 2016 $ Cash and cash equivalents Short-term investments Accounts Receivable 91 28.6 162.5 135 13.5 21 Inventories 33.6 169.5 Liabilities and equity Accounts payable $ Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained Earnings Total common equity Total current assets Land and Buildings Machinery and Equipment Total gross fixed assets 315.7 103.2 62.4 165.6 72.6 242.1 151.1 65 Less: Depreciation -23.1 216.1 Net fixed assets 142.5 Total assets 458.2 Total liabilities and equity 458.2