1) Use the link below to view information on the FBO located at the airport in Atlanta, GA. FBO Link: Aero Atlanta After learning a little bit about this operation, use the information you have found along with your common knowledge of the general business operation to complete this assignment. Use a WORD document and upload the assignment to the dropbox. You should use the format below for submission. Assets, Liabilities, and Equity for Aero Atlanta Services in Atlanta, GA. Assets (list 5): Liabilities (list 2): Equity (list 1): 2) Explain depreciation. a) Why depreciation might be important to airlines? b) What do financial managers have to be aware of, in regard to depreciation, when comparing financial statements of different airlines? 3) Given the following information, prepare a statement of cash flows for Middle Georgia Airlines: Depreciation 60,000 Increase in accounts receivable 27,000 Decrease in accrued expenses 5,000 Net Income $117,500 Increase in bonds payable 45,000 Increase in inventory 25,000 Preferred stock dividends paid 10,500 Decrease in prepaid expenses 10,000 Common stock dividends paid 50,000 Increase in plant and equipment 110,000 Increase in accounts payable 40,000 Increase in investments 23,000 4) Middle Georgia Airlines (MGA) has a current ratio of 4.5 and a quick ratio of 3.0. If its total current assets equal $ 80,500, what are MGA's (a) current liabilities and (b) inventory? (Hint: Quick Ratio = (Current Assets - Inventory)/(Current Liabilities)) 1) Use the link below to view information on the FBO located at the airport in Atlanta, GA. FBO Link: Aero Atlanta After learning a little bit about this operation, use the information you have found along with your common knowledge of the general business operation to complete this assignment. Use a WORD document and upload the assignment to the dropbox. You should use the format below for submission. Assets, Liabilities, and Equity for Aero Atlanta Services in Atlanta, GA. Assets (list 5): Liabilities (list 2): Equity (list 1): 2) Explain depreciation. a) Why depreciation might be important to airlines? b) What do financial managers have to be aware of, in regard to depreciation, when comparing financial statements of different airlines? 3) Given the following information, prepare a statement of cash flows for Middle Georgia Airlines: Depreciation 60,000 Increase in accounts receivable 27,000 Decrease in accrued expenses 5,000 Net Income $117,500 Increase in bonds payable 45,000 Increase in inventory 25,000 Preferred stock dividends paid 10,500 Decrease in prepaid expenses 10,000 Common stock dividends paid 50,000 Increase in plant and equipment 110,000 Increase in accounts payable 40,000 Increase in investments 23,000 4) Middle Georgia Airlines (MGA) has a current ratio of 4.5 and a quick ratio of 3.0. If its total current assets equal $ 80,500, what are MGA's (a) current liabilities and (b) inventory? (Hint: Quick Ratio = (Current Assets - Inventory)/(Current Liabilities))