1.) You are given the following information about a corporation. What analysis can be done on these numbers provided? What do they tell you about the business? Current assets $65,563.00 Current liabilities $145,962.00 Assets which can be quickly converted to cash $48,331.00 I 2.) The accountant of your business is explaining that you need to show 'accumulated depreciation' for some numbers on your balance sheet. What is a good way to explain accumulated depreciation? Due to what GAAP Principle does the requirement to show it come from? What is an example of an account for which you need to show it? I Part C: Practical Accounting Question (18 Marks-about 4 marks for each of the financial statements, 3 marks for journal entries, 3 marks for adjusting entries) Please provide a detailed solution to accounting Prob 4 18). Make sure to give any explanations which may be needed in order to understand your answer. Partial marks may be given. Provide any backup calculations which might be needed so I can fully understand what numbers you are presenting. Please make sure to show the financial statements in proper format