IThe following information applies to the questions displayed below. "We really need to get this new material-handling equipment in operation just after the new year begins. I hope we can finance it largely with cash and marketable securties, but if necessary we can get a short-term loan down at MetroBank." This statement by Beth Davies-Lowry, president of Global Electronics Company concluded a meeting she had called with the firm's top management. Global is a small, rapidly growing wholesaler of consumer electronic products. The firm's main product lines are small kitchen appliances and power tools. Marclia Wilcox, Global Electronics' general manager of marketing, has recently completed a sales forecast. She believes the company's sales during the first quarter of 20x1 will Increase by 10 percent each month over the previous month's sales. Then Wilcox expects sales to remain constant for several months. Global's projected balance sheet as of December 31, 20x0 Is as follows: Cash Accounts recelvable Marketable securitles Inventory Buildings and equipment (net of accumulated depreclation)667,000 $50,000 224,000 20,000 154.000 Total assets $1,115,000 Accounts payable Bond Interest payable Property taxes payable Bonds payable (6%, due in 20x6) Common stock Retained earnings $205,800 9,000 2.400 360,000 450.000 87.800 Total lioblities and stockholders' equity $1.115,000