0 The following account balances are available for The Clothing Outlet, Inc., a discount retailer, as of and for the year ended December 31, 2017, except for the retained earnings balance which is stated below as of January 1, 2017: Cash. $5,500,000 Accounts receivable.. $9,000,000 Marketable securities. ..$14,000,000 $400,000 Prepaid insurance.. $4,000,000 Inventory. Equipment.. .$7.000.000 Accumulated depreciation: equipment... $3,000,000 Buildings.. $20,700,000 Accumulated depreciation buildings......$5,000,000 Land.... $4,000,000 Investments (long-term). $4,000,000 Patents (net). ...$800,000 Accounts payable. $5,000,000 Income taxes payable. $1,600,000 Salaries payable.. $1,000,000 Dividends payable. $2,000,000 Interest payable.. ...$500,000 Notes payable (long-term). $2.400,000 Bonds payable (long term). $6,000,000 Common stock.. $10,100,000 Retained Earnings (as of Jan. 1, 2017)...$8,400,000 Dividends declared.. ..$5,000,000 Sales..... $108,000,000 Cost of goods sold... $32,000,000 Interest revenue. .$2,500,000 Interest expense. ..$1,500,000 Income tax expense.....(calculated @ 40%) Selling expenses Sales salaries and commissions... $6,000,000 Insurance expense.. $1.000.000 Advertising expense.. $3,500,000 Uulites expertise $4,000,000 Depreciation expense: equipment $400,000 Delivery expenso... $500,000 General and administrative person Executive and administrative salaries......$5,800.000 Utilities expense.... $4,200,000 Rental expense... $900.000 Depreciation expende: buildings.. $500,000 QUESTION 1 Based on the financial statements of The Clothing Outlet Inc., provide the company's total Working Capital at December 31, 2017 QUESTION 2 Based on the Income statement of The Clothing Outlet ne provide the total Gross Profit amount for the 12 month period ending December 31, 2017, QUESTION 3 Band on the income Statement of The Clothing Outletine, provide the total Operating income for the 12 month period ending December 31, 2017 QUESTION 4 Based on the Balance Sheet of The Clothing Outlet, Irelate and provide the ending balance of Retained Earnings at December 31, 2017 QUESTION 5 Based on the financial statements of The Clothing Outlet Inc, provide the company's total Grom Pret Ritio rounded to the nearest hundredi de 0 or 69 December 31, 2017