A Byte of Accounting Balance Sheet As of December 31, 2021 Assets Current Assets Liabilities Current Liabilities \begin{tabular}{|l|r|} \hline Accounts Payable & $47,330.00 \\ \hline Salaries Payable & 800.00 \\ \hline Income Taxes Payable & 6,000.00 \\ \hline \end{tabular} Total Liabilities $54,130.00 Stockholder's Equity Capital Stock, \$0.01 Par Value Total Liabilities and Stockholder's Equity $126,530.00 A Byte of Accounting, Inc. Income Statement For Year Ending December 31, 2022 Revenues Sales Revenue Cost of Goods Sold \begin{tabular}{|r|} \hline$458,139.00 \\ \hline 229,064.00 \\ \hline \end{tabular} Gross Profit $229,075.00 Operating Expenses Rent Expense Salary Expense Advertising Expense Repairs \& Maint. Expense Supplies Expense Insurance Expense Depreciation Expense Bad Debt Expense Telephone Expense Total Operating Expenses Income From Operations Before Interest and Income Taxes $61,571.38 Interest Expense 7,529.82 Net Income Before Tax $54,041.56 Income Tax Expense (Round to two decimal places) Net Income After Tax $40,53117 A Byte of Accounting, Inc. Statement of Stockholders' Equity For Year Ending December 31. 2022 Balance, Beginning of Period Issue of Common Stock Cash Dividends Net Income Balance, End of Period Balance Sheet As of December 31, 2022 Assets Current Assets Liabilities Current Liabilities Stockholder's Equity Capital Stock, $0.01 par value Paid in Capital in Excess of Par Retained Earnings Total Stockholder's Equity 173,561.17 Total Liabilities and Stockholder's Equity $353,286.18 A Byte of Accounting Statement of Cash Flows - Indirect Method For Year Ending December 31, 2022 Cash Flow from Operating Activities Net Income $40,531.17 Adjustments to reconcile net income to net cash flows from operating activities: Noncash Activities Purchased equipment by issuing note payable $4,500.00 A Byte of Accounting Ratios For Year Ending December 31, 2022 Note: The estimated market value of the business is four times Net Income Before Interest Expense and Income Taxes Required: Complete the ratios and the open ended questions and then upload your file to CyberText.com for grading. Round to two decimal places = Round(number,2) Days' Sales Uncollected = Gross Margin Ratio = Book Value per Common Share = Price-Earnings Ratio = Debt-to-Equity Ratio = Days' Sales in Inventory = Current Ratio = Use complete sentences to complete the fill in questions. Interpret and explain this company's Cash Flow on Total Assets Interpret and explain this company's Days' Sales in Inventory Interpret and explain this company's Total Asset Turnover Interpret and explain this company's Account Receivable Turnover Ratio