Clear co.'s trial balance has the following selected accounts: cash (includes $10,000 in bond-sinking fund for long-term bond payable): $50,000accounts receivable: $20,000allowance for doubtful accounts: $5,000deposits received from customers: $3,000merchandise inventory: $7,000unearned rent: $1,000investment in trading securities: $2,000what amount should clear report as total current assets in its balance sheet? a) $72,000b) $67,000c) $64,000d) $74,000

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.