1 of 24 Question A: Preparation of Financial Statements (12 marks; 20 minutes) Papa John's Intemational Inc. operates and franchises pizza delivery and canyout restaurants wonwide The towing is a condereta for 2021. The accounts have normal debit or credit balances and their balances are rounded to the nearest milion dollars. The company's face Account Title Accounts payable. Accounts receivable Accrued abilines... Allowance for doubtful accounts Bad debt expense Cash Ind equivalents Balance $ 37 100 175 7 " 107 Credit card discounts 23 Cost of sales 1469 Deferred revenue (current)..... 33 Depreciation expenses 50 General and administrative expenses 2041 Goodwill.. 81 Income tax expense 15 Income tax payable. 10 Interest expense. Inventories Investment income. Long-term debt. 17 30 2 166 120 112 Other non-current assets. Other non-current liabilities 43 Prepaid expenses. Property, plant, and equipment, net. 355 1,813 Sales revenue. Shareholders equity.. 232 47 Short-term borrowings REQUIRED: 1. Prepare a multiple-step (classified) statement of eamings for the year ended December 31. marka 2. Compute the values of two ratios that are based on information reported in the statement of earnings that you prepared and interpret the results ma A BI I have answered this question and will upload after the exam (type yes 2:01:38