1. Problem 3.01 (Balance Sheet) eBook Problem Walk-Through Theassets of Dallas & Associates consist entirely of currentassets and net plant and equipment, and the firm has no excesscash. The firm has total assets of $2.6 million and net plant andequipment equals $2.1 million. It has notes payable of $150,000,long-term debt of $759,000, and total common equity of $1.5million. The firm does have accounts payable and accruals on itsbalance sheet. The firm only finances with debt and common equity,so it has no preferred stock on its balance sheet. Write out youranswers completely. For example, 25 million should be entered as25,000,000. Negative values, if any, should be indicated by a minussign. Round your answers to the nearest dollar, if necessary. Whatis the company's total debt? $ What is the amount of totalliabilities and equity that appears on the firm's balance sheet? $What is the balance of current assets on the firm's balance sheet?$ What is the balance of current liabilities on the firm's balancesheet? $ What is the amount of accounts payable and accruals on itsbalance sheet? (Hint: Consider this as a single line item on thefirm's balance sheet.) $ What is the firm's net working capital? Ifyour answer is zero, enter \"0\". $ What is the firm's net operatingworking capital? $ What is the monetary difference between youranswers to part f and g? $ What does this difference indicate?