value: 0.00 points You have just been hired as a loan officer at Fairfield State Bank. Your supervisor has given you a file containing a request from Hedrick Company, a manufacturer of auto components, for a $1,000,000 five- year loan. Financial statement data on the company for the last two years are given below Hedrick Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $340,000 414,000 104,000 591,000 890,000 51,000 900,000 1,490,000 80,000 2,810,000 2,050,000 3,388,700 3,031,400 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity $6,198,700 $5,081,400 Liabilities: Current liabilities Bonds payable, 10% $1,380,000 790,000 1,210,000 1,080,000 Total liabilities 2,590,000 ,870,000 Stockholders' equity: Preferred stock, 8%, $30 par value Common stock, $40 par value Retained earnings 600,000 600,000 2,000,000 2,000,000 611,400 1,008,700 Total stockholders' equity 3,608,700 3,211,400 Total liabilities and stockholders' equity $6,198,700 $5,081,400