2. Answer the following questions using the data below. a. Is ABC Kan-anan more liquid than the industry standard? Explain b. Using your assessment, is the liquidity of ABC Kan-anan good or bad? Justify your answer. ABC Kan-anan 2019 Accounts Payable 5,800.00 Accounts Receivable, net 6,000.00 Accrued liabilities 900.00 Additional paid-in capital 3,000.00 Administrative Expenses 5,860.00 Bond payable 7,500.00 Buildings and equipment, net 12,000.00 Cash 1,200.00 Common stock, P12 par 6,000.00 Cost of Goods Sold 36,000.00 Interest Expense 640.00 Inventory 8,000.00 4,000.00 Notes payable, short term 300.00 Prepaid expenses 300.00 Retained earnings 8,000.00 Sales 52,000.00 Selling Expenses 7,000.00 Industry standards for current ratio 2.1x Industry standards for quick ratio 1.4x Land