2. Use the following information to prepare, in good form, an income statement, a statement of changes in equity, and a statement of financial position for Geelin Industries Ltd. for the month ended August 31, 2018: Accounts payable $ 9,375 Accounts receivable 5,500 Bank loan payable 13,750 Cash 58,750 Common shares 94,375 Dividends declared 6,250 Income tax expense 17,375 Insurance expense 2,125 Building 125,000 Retained earnings (beginning) Revenues 78,750 Salaries expense 20,625 Supplies 1,250 40,625 3. The following data have been selected from the annual report of Komark Corporation: Market price per share $60 Price-Earnings ratio 20 times Total Assets $450,000 Current Liabilities $180,000 Shareholders' Equity $200,000 Current ratio 1.5:1 Weighted average number of shares Instructions 100,000 (b) Calculate the following: Basic earnings per share Net income Debt to Total Assets ratio Current assets (e) Working capital De