2. Below is an adjusted Trial Balance for Palacio Security Services. Verify its accuracy and then follow these instructions: Prepare a proper Income Statement, Statement of Stockholders Equity and a Balance sheet. Calculate: O Current Ratio o Acid Ratio (Current assets - Inventory/Current Liabilities) o Debt to Equity Debt To Assets 0 Adjusted Trial Balance 12/31/2016 Description Debit Credit Cash Accounts receivable Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Land Accounts Payable Unearned Revenue Common Stock Retained Earnings Sales $ $ $ $ $ $ $ 375,757 401,450 12,817 115,353 5,127 1,282 24,352 $ 199,119 $ 5,246 $ 165,000 $ 504,835 $ 1,147,000 COGS Office supply Expense Grass Cutting Expense Miscellaneous Expense Office Rent Expense Insurance Expense Salary expense Advertising Expense Utilities expense Dividends $ 516,150 $ 22,940 $ 32,116 $ 9,176 $ 91,760 $ 28,675 $ 321,160 $ 17,205 $ 11,470 $ 34,410 $ 2,021,200 $ 2,021,200