25.200 Meghna corporation Comparative Balance Sheets December 31 2019 Cash $ 10.200 Accounts receivable Investments 25,000 Equipment 60.000 Accumulated depreciation (14,000) Total $106.400 Accounts payable $ 14,600 Bonds payable 10,000 Common stock 50.000 Retained earnings 31,800 Total $106 400 2018 $ 17,700 22,300 16.000 70,000 (10,000) $116,000 $11,100 30,000 45,000 29,900 $116.000 Meghna Corporation Income Statement For the year ended December 31, 2019 Net Sales 500,000 Cost Of Goods Sold (250,000) Gross Profit 250.000 Operating Expenses (170,000) Income Prom Operations 80,000 Interest Expense (53,000) Income Before Income Taxes 27.000 Income Tax Expense (11,700) Net Income 15.300 Additional information: 1. Net income was $15,300. Dividends declared and paid were $13,400. 2 Equipment which cost $10,000 and had accumulated depreciation of $2,200 was sold for $3,800. 3. All other changes in noncurrent account balances had a direct effect on cash flows. except the change in accumulated depreciation. 1. Prepare a statement of cash flows for 2019 using the indirect method (15) 2. Compute the following 5 ratios for 2019: (1 point for the interpretation and 1 point for the calculation Return on Asset. Current Ratio. Accounts receivable turnover, net Profit Margin and Debt to Asset Ratio