1-3B - Basic Financial Statements John's Jungle Gyms is an indoor play area for children. Parents bring their toddlers to play on germ-covered slides, ladders, ball pits, monkey bars and other pieces of equipment. The following account balances relate to the company's October 31, 2024 month end financial statements: $118,090 Admission revenue $25,000 178,000 14,000 5,000 225,000 2,000 Retained earnings (Oct. 1, 2024) Cash Accounts payable Wages payable Repair expense Accounts receivable Dividends Depreciation expense Mortgage Buildings, net Wages expense Insurance expense Common shares (Oct. 1, 2024) Equipment, net Utilities expense 6,000 3,000 1,500 500 10 200 2,600 75,000 300 There were no common shares issued or repurchased during the month. Required: a.) Prepare an income statement for the month ended October 31, 2024. b.) Prepare a statement of changes in equity for the month ended October 31, 2024. c.) Prepare a balance sheet as at October 31, 2024. d.) Based on your financial statements, compute: i. The current ratio ii. The debt ratio iii. The equity ratio