8:57 Expert Q&A CHAPTERISA HOLDER TOUT sales 2017 winni SO 27.000 tam 00 Am 1700 Requirement 2. CD ended the 31, 2017 1.Doch we The totals provided in the table for Common Shareholder's Equity and Assets, should both be dated December 31, 2016 (the prior year). These values are required in the calculation of ROA and ROE. P9-548 The following accounts and related balances of Dove Designers, Inc., as of December 31, 2017, are arranged in no particular order. Cash $ 53,000 Interest expense $ 16,200 Accounts receivable, net 27,000 Property, plant, and Contributed surplus 75,600 equipment, net 355,000 Accrued liabilities..... 25,000 Common shares Long-term note payable 95,000 1,250,000 shares authorized Inventory..... 98,000 118,000 shares issued 211,000 Dividends payable 6,000 Prepaid expenses 14,000 Retained earnings. ? Common shareholders Accounts payable 130,000 equity, December 31, 2013 233,000 Trademark net. 3,000 Net income.. 71,000 Goodwill 18,000 Total assets December 31, 2013 495.000 Net sales 800,000 Requirements 1. Prepare Dove's classified balance sheet in the account format at December 31, 2017 2. Compute Dove's rate of return on total assets and rate of return on equity for the year ended December 31, 2017 3. Do these rates of return suggest strength or weakness? Give your reason