1. The following account balances were taken from the ledger of Green Laundry on December 31, 2019. Prepare the financial statements: Income Statement and Balance Sheet for Green Laundry. Cash Notes Receivable Prepaid Interest Expense Accounts Receivable Office Equipment Pressing Equipment Washing Machines Delivery Van Notes Payable Accounts Payable Mortgage Payable Anton Lopez, Capital P19,900 Anton Lopez. Drawing 3,600 Laundry Income 180 Salaries Expense 9,420 Insurance Expense 4,200 Rent Expense 9,000 Office Supplies Expense 15,000 Laundry Supplies Expense 345,000 Utilities Expense 6,000 Taxes & Licenses 5.250 Advertising Expense 200,000 Miscellaneous Expense 175,000 P 6,600 55,750 12,000 620 6,000 750 5,400 1,500 180 850 1,800 2. Analyze the financial conditian of the company using the current ratio and debt ratio. Interpret the results. If you were the owner of the company, would you be satisfied with the financial condition of the business? Assets Current Assets Fixed Tangible Assets Other Assets Total Assets 2013 2012 2011 86,000 65,000 48,000 28,000 45,000 12,000 25.000 28.000 30.000 139.000 148,000 20.000 Liabilities and Owner's Equity Current Liabilities Long-term Liabilities Amaz, Capital Total Liabilities & Owner's Equity 10,000 20.000 40.000 50,000 50,000 29.000 28.000 50.000 139.000 148.000 90.000