Based on your understanding of the different items reported on the balance sheet and the information they provide, which statement regarding Green

Caterpillar Garden Supplies Inc.$\text{'}$s balance sheet is consistent with U$.$S$.$ Generally Accepted Accounting Principles $($GAAP$)?$

The company's debts should be listed from those carrying the largest balance to those with the smallest balance.

The company's debts should be listed in order of their liquidity.

The company's debts are listed in the order in which they are to be repaid.