1 of 3 3 marks - 26 minutes The following are the accounts of VYM Company for the year ended December 31. They are presented in the table below in random order: Retained earnings, January 1, 2020 Travel revenue Accounts receivable Equipment Accounts payable Wages expense Interest expense Income tax expense dvertising expense Depreciation expense Cash Accumulated depreciation equipment Salaries expense Unearned travel revenue Wages payable Supplies Common shares, January 1, 2020 Dividends Prepaid insurance Bank loan payable Repairs expense Insurance expense 160,000 1,105,000 50,000 930,000 55,000 105,000 10,000 120,000 105,000 40,000 245,000 180,000 270,000 95,000 20,000 10,000 5,000 30,000 70,000 470,000 20,000 85.000 Notes: There were no common shares issued or repurchased during the year. The current portion of the bank loan payable was: 79,000 REQUIRED Based on the information above, prepare the following financial statements IN GOOD FORM: a.) An income statement for the year ended December 31, 2020. b.) A statement of changes in equity for the year ended December 31, 2020 c.) A balance sheet as at December 31, 2020. Based on your balance sheet: d.) Compute the Current ratio