1. How should a balance sheet be analyzed? In other words, what information does it give us about the company's financial situation? Use the example balance sheet you created to explain how this should be done.
2.  

Cash Accounts Receivable Inventory Total Current Assets PP&E Total Non-Current Assets Total Assets Assets LOL Solutions and Technologies Corporation Balance Sheet As of December 31, 2023 $20 6 9 35 50 50 $85 Liabilities Accounts Payable Long-Term Loan Total Current Liabilities Common Stock Retained Earnings Total Equity Equity Total Liabilities and Equity $13 30 43 38 5 42 $85