Use the following information to answer this question Douglas, Ltd. has prepared the following comparative balance sheets for 2019 and 2020: 2019 2020 $ 51,000 Cash $ 99,000 53,000 101,000 39,000 Accounts receivables 118,000 9,000 6,000 Inventory Prepaid expenses Buildings and equipment Accumulated depreciation 350,000 420,000 (150,000) $529,000 (125,000) $442,000 $ 51,000 Accounts payable Interest payable Income taxes payable Long-term bank loan payable Common shares 20,000 200,000 215,000 43,000 $ 56,000 4,000 10,000 150,000 200,000 22,000 $442,000 Retained earnings $529,000 The income statement for 2020 is as follows: Sales (all on credit) Cost of Goods Sold Salary expense Depreciation expense Rent expense $660,000 (363,000) (127,000) (45,000) (5,000) (8,000) interest expense Income taxes expense 45,000) $67,000 Net income The Long-term Debt to Equity ratio in 2020 is Select one: O a. 67.57% b. 75.00% c. 77.52% Od 93.00%