22 35 points DOM The adjusted trial balance for Tybalt Construction as of December 31, 2018, follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title Debit Credit 101 Cash $ 7,000 104 Short-term investments 24,500 126 Supplies 8,700 128 Prepaid insurance 7.800 167 Equipment 55,000 168 Accumulated depreciation-Equipment $ 27,500 173 Building 150,000 174 Accumulated depreciation-Building 50,000 183 Land 73,150 201 Accounts payable 18,000 203 Interest payable 2.300 208 Rent payable 3.200 210 Wages payable 2,400 213 Property taxes payable 1,100 233 Unearned professional fees 7,600 244 Current portion of long term note 8,000 payable 251 Long-term notes payable 58,500 301 O. Tybalt, Capital 130.900 302 O. Tybalt, Withdrawals 12,300 401 Professional fees earned 103,000 406 Rent earned 15.500 407 Dividends earned 2,600 409 Interest earned 2.100 606 Depreciation expense-Building 11,000 612 Depreciation expense-Equipment 8,250 623 Wages expense 25,500 633 Interest expense 3,900 637 Insurance expense 9.200 840 Rent expense 10.800 652 Supplies expense 6.000 682 Postage expense 2.400 683 Property taxes expense 4.400 684 Repairs expense 8,800 688 Telephone expense 3.200 890 Utilities expense 3,000 Totals $432,700 $432,700 O. Tybalt invested $7,000 cash in the business during year 2019 (the December 31, 2018, credit balance of the O. Tybalt, Capital account was $123.900). Required: 1a. Prepare the income statement for the calendar year 2019. 16. Prepare the statement of owner's equity for the calendar year 2019. 1c. Prepare the classified balance sheet at December 31, 2019 2. Prepare the necessary closing entries at December 31, 2019 3. Use the information in the financial statements to compute the following ratios: Compliate this question by entering your answers in the tabs below Maquina Fequired 15 Mucured Pequired 2 Hequired Use the information in the financial statements to compute the following ration: a) Return an assets total assets at December 31, 2018, was $200,000) Numerator. Denominator Ratum on to asses Ratum on to asses Debt ratio Numerator Denominator Debitato Dattato (c) Profit margin ratio usa total revenues as the denominator Numerator. Denominator Profit margin Profit margin 10 Current ratio Numerator Denominator Current ratio Current ratio