7. Using the folowing financial statements, Motion Company Proforma Income Statement Motion Company Protomma Balance Sheet 483,052 Cash 00,000 S Material Cost 483,052 S Accounts Receivable 31R,681 S Finished Goods Iventory 800,000 $ Labor Cost 2400,000 Other Direct Cost 142,857 S Depreciation 61,538 $Materials Inventory 323 Curreet Assets 1-346,3 4. 142857 S Cest of Good Sold 2,346,323 Total Assets 313,984 $ Sales General &Administrative 150,165 $ Interest on Loan Liabilities 61,538 SPayables 61,538 Total Current uabilities 1,877,059 . $Interest Only Loan ,938,597 5 Total Uabilties 1,672,667 $ Taxable Income 669,067 $ Taxes (S/L Deprecitaion) 1,003,600 $ Net Profit Owner Equity Give the calculation and value of 407,726 $ Owner Equity 2,346,323 Total Liabilities and Owner Equity a. Working Capital (1 pt b. Current Ratio (1 pt) e.Acid Test Ratio (I pt)