Decision Cases LO 1,4 C1-77. (Learning Objectives 1, 4: Explain accounting language; evaluate business operations through financial statements) Two businesses, Queens Service Corp. and Insley Sales Co., have sought business loans from you. To decide whether to make the loans, you have requested their balance sheets. A1 Queens Service Corp. Balance Sheet August 31, 2022 1 2 Assets 3 Cash 4 Accounts receivable 5 Land 6 Furniture Liabilities $ 5,000 Accounts payable 10,000 Note payable 75,000 Total liabilities 15,000 Stockholders' Equity 7 Equipment 45,000 Stockholders' equity 8 Total liabilities and 9 Total assets 10 $ 150,000 stockholders' equity A1 Insley Sales Co. Balance Sheet August 31, 2022 1 2 Assets 3 Cash 4 Accounts receivable 5 Merchandise inventory 6 Building 7 8 9 Total assets 10 Liabilities $ 5,000 Accounts payable 10,000 Note payable 15,000 Total liabilities 35,000 Stockholders' Equity Stockholders' equity Total liabilities and $ 65,000 stockholders' equity D $ 50,000 80,000 130,000 20,000 $ 150,000 6,000 9,000 15,000 50,000 $ 65,000 Requirement 1. Using only these balance sheets, to which entity would you be more comfortable lending money? Explain fully, citing specific items and amounts from the respective balance sheets. (Challenge)