Given the information in the preceding balance sheet-and assuming that Fuzzy Button Clothing Company has 50 million shares of common stock outstanding-read each of the following statements, then identify the selection that best interprets the information conveyed by the balance sheet. Statement #1: Fuzzy Button's pool of relatively liquid assets, which are available to support the company's current and future sales, decreased from Year 1 to Year 2. This statement is _____, because: Fuzzy Button's total current liabilities balance increased from $743 million to $928 million between Year 1 and Year 2 Fuzzy Button's total current liabilities balance decreased by $1, 237 million between Year 1 and Year 2 F Button's total current asset balance actually increased from $4, 950 million to $6, 187 million to $6, 187 million between Year 1 and Year 2 In Year 2, Fuzzy Button Clothing Company was profitable. This statement is _____, because: Fuzzy Button's total assets increased between Years 1 and 2 Fuzzy Button's retained earnings account increased between the end of Years 1 and 2 The cash and equivalents account increased between Years 1 and 2 If Fuzzy Button ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholders. This statement is _____ because: Debtholders are treated as residual investors Common shareholders are treated as residual investors Debtholders and preferred shareholders are considered residual investors Based on your understanding of the different items reported in the balance sheet and the information they provide, which statement regarding Fuzzy Button Clothing Company's balance sheet is consistent with U.S. Generally Accepted Accounting Principles (GAAP)? The company's assets should be listed from those carrying the largest balance to those with the smallest balance. The company's assets should be listed in the order in which they are to be converted into cash. The company's assets should be listed in alphabetical order