Please show the steps that lead to the correct answer.

Use these financial statements to answer questions 1 through 5. Show the steps that lead you to your answer Balance She 20072008 2007 2008 Accounts payable $13,800 $ 12,900 Long-term debt 47,500 48,600 Common stock 17,000 22,000 $700 $ 1,600 Cash Accts receivable 14,300 17,400 Inventory Net fixed assets 82.900 81.600 Total assets 21.400$124.300 22,500 23.700 Retained earnings 43.100 40.80 Total liabilities and equity $121.400 S124300