4. Use the trial balance to answer the following questions.

Mechanics Inc.
Adjusted Trial Balance
December 31, 20x1
Account	Debit	Credit
Cash	65,000.00
Accounts Receivable	70,000.00
Equipment	210,000.00
Accumulated Depreciation		112,000.00
Accounts Payable		47,000.00
Unearned Revenue		14,000.00
Note payable due in 2 years		42,000.00
Common Stock		25,000.00
Retained Earnings		30,000.00
Service Revenue		600,000.00
Supplies Expense	210,000.00
Salaries Expense	300,000.00
Depreciation Expense	15,000.00
Total	870,000.00	870,000.00

a. What is the companys current ratio and working capital

b. What is the companys net income?

c. Prepare the Closing entries.

d. Prepare the Balance Sheet and Income Statement based on the trial balance.