1. Using the trial balance below, prepare (1) an income statement, (2) a statement of retained earnings, and (3) a balance sheet in good form, that is, the balance sheet should be classified by current and noncurrent classifications. You are encouraged, but not required, to use a spreadsheet to prepare these financial statements. You may submit #1 as a separate (spreadsheet) document or copy & paste it into this Word document as a schedule at the end of this document. + ABC Company Trial Balance June 30, 2020 credit debit 132,560 675 500 2,400 650 3,000 130,000 Cash Accounts receivable Prepaid Insurance Equipment Accounts payable Unearned revenue Common stock Retained earnings Dividends Revenues Rent expense Salaries expense Advertising expense Utilities expense Internet & website expense 4,000 16,925 6,000 1,600 1,150 890 800 150,575 150,575 2. Using the data from No. 1 prepare the following ratios: a. Return on Assets b. Debt Ratio