1. prepair classified statement of financial position as at December 31, 2017 2. prepair the closing enteries at December 31 , 2017 3. compute the net profit margin ratio and total asset turnover for 2017, and explain the meaning of each ratio. total assets equalled $200,000 at January 1, 2017

Debit Credit $ 33.000 $100,000 9.000 11.000 60.000 129.000 11 240 Accounts payable Accounts receivable Accumulated depreciation equipment Cash Contributed capital (15,000 shares) Cost of sales Deferred revenue Equipment, at cost Merchandise inventory Other operating expenses Note receivable, due December 31, 2018 Prepaid income taxes Prepaid rent Rent expense Retained earnings, January 1, 2017 Sales revenue Wages expense 60.000 18.200 1.400 24.000 1.040 16,800 11,000 70.000 301.000 111.800 5484.240 5484 240 Additional information is as follows: Wees.wed to compones totallet $8,000 as at December 31, 2017 The not receivable was obtained bu Alimex on September 1, 2017. The note carnesi Interest rate of percent puble to Alimex at maturity only The balance in prepaid rent represents a payment August 1, 2017, for 12 months of rebe on that date d. The equipment has a useful life of 20 years. Depreciation expense for 2017 was estimated at Cash dividends of 51 per share were declared on December 31, 2017, payable on January 2018 I. The company is subject to an income tax rate of 20 percent. Income taxes are due March 15, 2018 Journal entries related to these transactions have not been recorded yet