Using the Income Statement and Balance Sheet below, calculate the Altman's Z-Score for Spartan's, Inc. (Round your answer to two decimal places). Should the bank lend to Spartan's Inc.? Clearly explain why or why not? (5 points) Spartan's Inc. Consolidated Income Statement 36,043 Revenues Cost of Goods Sold Gross Profit Selling& Administrative Research and Development Depreciation Operating Income Other Income Earnings Before Income and Taxes Interest Expense Pretax Income Provision for Taxes Net Income 21,793 (8,750) (4,221) 375 7,447 1,523 8,970 409 8,561 1798 10,359 Shares Outstanding Price (Year-End) 5,500 11.75 Spartan's Inc. Consolidated Balance Sheet 11,261 14,359 12,015 11,707 26,670 Cash and Equivalents Short-Term Marketable Securities Accounts Receivable Inventories Long-Term Securities Property, Plant, and Equipment Other Fixed Assets Total Assets Accounts Payable Short Term Debt 5,510Long-Term Debt 10,548 24,768 28,391 3,346 98,183 Paid In Capital Retained Earnings 36,281 11,510 Total Liab+ Equity 98,183