You have been given responsibility for overseelng a bank's small business loans division. The bank has Included loan covenants requiring a minimum current ratio of 1.4 In all small business loans. When you ask which Inventory costing method the covenant assumes, the previous loans manager gives you a blank look. To explaln to him that a company's Inventory costing method is Important, you present the following balance sheet Information. Current assets other than Inventory Inventory Other (noncurrent) assets $22 131 Total assets $ (b) Current liabilities Other (noncurrent) labilities Stockholders' equity $60 68 Total liabilties and stockholders' equity $ (C) You ask the former loans manager to find amounts for (a), (b), (c), and (d) assuming the company began the year with 5 units of Inventory at a unit cost of $12, then purchased 8 units at a cost of $13 each, and finally purchased 6 units at a cost of $17 each. A year-end Inventory count determined that 4 units are on hand value: 4.00 points Required 1. Determine the amount for (a) using FIFO, and then calculate (b) through (d) Amount Inventory Total Assets Total Liabilities and Stockholders' Equity Stockholders' Equity