A) Use the following partial work sheet from Matthews Lanes to prepare its income statement, statement of changes in equity and a classified statement of financial position (Assume the owner did not make any investments in the business this year.). B) Calculate the current ratio. MATTHEWS LANES Work Sheet For Year Ended June 30 Account Adjusted Trial Balance Dr. Cr. Cash 11,275 Accounts Receivable. 1,750 Office Supplies.... 800 Prepaid Insurance. 3,400 130,000 21,700 Scoring Equipment......... Accumulated depreciation- Scoring equipment... Salaries payable.. 200 M. Matthews, Capital.... 50,000 M. Matthews, Withdrawals......... 46,425 Bowling revenue... 137,675 10,825 Depreciation expense- Scoring equipment... Salaries expense........... 1,800 Insurance expense.... 200 Rent expense 1,600 Office supplies expense .... 400 Repairs expense.. 350 Telephone expense... 750 Totals 209,575 209,575