GPC Balance Sheet on December 31 Assets 20x0 20x1 Change Current assets Cash and marketable securities 100.0 120.0 20.0 Receivables 50.0 60.0 10.0 Inventories 150.0 180.0 30.0 Total current assets 300.0 360.0 60.0 Property,plant,and equipment (PP&E) 400.0 490.0 90.0 less Accumulated depreciation 100.0 130.0 30.0 Net PP&E 300.0 360.0 60.0 Total assets 600.0 720.0 120.0 Liabilities and Stockholders'Equity Current liabilities Accounts payable 60.0 72.0 12.0 Short-term debt 90.0 184.6 94.6 Total current liabilities 150.0 256.6 106.6 Long-term debt(8%interest bonds maturing in 20x7) 150.0 150.0 0.0 Stockholders'equity (I million shares outstanding) 300.0 313.4 13.4 Paid-in capital 200.0 200.0 0.0 Retained earnings 100.0 113.4 13.4 Total liabilities and equity 600.0 720.0 120.0 Other data:Market price per common share $200.0 $187.20 -$12.80 What difference would the B/S be if the GPC issues 50 million long-term debt? .THE COURSE OF FINANCE 2017 SPRING SJTU 7GPC Balance Sheet on December 31 •THE COURSE OF FINANCE 2017 SPRING SJTU •7 What difference would the B/S be if the GPC issues 50 million long-term debt?