Quantitative Problem: Acecar Industries 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets Assets 2019 2018 Cash and equivalents $100 $85 Accounts receivable 275 300 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2.300 1,490 Total assets $3.050 $2.125 Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 S210 Long-term debt 450 290 Total liabilities 825 500 Common stock 1,225 1,225 Retained earnings 1,000 400 Common equity 2.225 1625 Total liabilities and pruit