Looking forward to next year, if Baldwin's current cash balance is $22,636,672 and Cash Flows From Operations next period are unchanged from this period, which of the following will activities expose Baldwin to the most risk of needing an emergency loan?
Sells $10,000,000 of their Long-Term Assets
Purchases assets at a cost of $25,000,000
Retires $10,000,000 in Long-Term Debt
Issues 10,000 shares of stock at the current stock price.