Which statement is FALSE related to Toulouse Co using the following financial information: ar iva 0,00 12/31/2020 Cash 100,000 acci 270,000 low 500,000 ng for Receivables Inventories Total Current Assets Other Assets Total Assets $ 250 urrent 870,000 1,000,000 1,870,000 erm LI. 150,000 Current Liabilites Long-Term Liabilities Capital Stock and Retained Earnings Total Liabilities and Equity 400,000 1,320,000 1,870,000 mad ncial at Asset + Interes Annual Sales Gross Profit Margin Net Income is Cash dividends paid 3,240,000 60% 233,750 97.200 ll Which statement is FALSE related to Toulouse Co using the following financial information: ar iva 0,00 12/31/2020 Cash 100,000 acci 270,000 low 500,000 ng for Receivables Inventories Total Current Assets Other Assets Total Assets $ 250 urrent 870,000 1,000,000 1,870,000 erm LI. 150,000 Current Liabilites Long-Term Liabilities Capital Stock and Retained Earnings Total Liabilities and Equity 400,000 1,320,000 1,870,000 mad ncial at Asset + Interes Annual Sales Gross Profit Margin Net Income is Cash dividends paid 3,240,000 60% 233,750 97.200 ll