1)prepare an income statement, statement of owners equity, balance sheet.

2) Prepare the closing entries in journal format.

3)prepare and interpret the current ratio.

The partial work sheet for Camelback Consulting at June 30, 20xx, is as follows. Adjusted Trial Balance Debit Credit Cash 131,000 Accounts Receivable 119,000 Supplies 1,000 Prepaid Rent 18,000 Land 45,000 Building 425 , 000 | Agggm Depreciation, gig 16?,000 Accounts Payable 159,000 Salaries Payable 1,000 Unearned Service Revenue 10,000 LongTerm Note Payable 125,000 Owner Capital 102,000 Owner Withdrawals 7,000 Services Revenue 495,000 Salaries Expense 256,000 Supplies Expense 3,000 Rent Expense 34,000 Depreciation Expense, gig 12,000 Miscellaneous Expense 8,000 Totals 1,059,000 1,059,000 Required: 1. Prepare an Income Statement, Statement of Owner's Equity and Balance Sheet. 2. Prepare the closing entries in journal format. 3. Prepare and interpret the Current Ratio