Account 31 Jul 2021 Assets Bank My Bank 1,855,516 Total Bank 1,855,516 Current Assets Accounts Receivable 18,873 Allowance for Doubtful Debts (9,000) Inventory 40,833 Prepayments 13,978 Total Current Assets 64,684 Fixed Assets Less Accumulated Depreciation on Workshop Equipment (193) Workshop Equipment 20,499 Total Fixed Assets 20,306 Total Assets 1,940,506 Liabilities Current Liabilities Accounts Payable 33,977 GST (5,008) Owner A Funds Introduced 1,408,098 PAYG Withholdings Payable 2,400 Wages Payable - Payroll 1,500 Total Current Liabilities 1,440,967 Non-current Liabilities Loan 499,003 Total Non-current Liabilities 499,003 Total Liabilities 1,939,970 Net Assets 536 Equity Current Year Earnings 536 Total Equity 536 Account Jul 2021 Trading Income Sales 19,095 Total Trading Income 19,095 Cost of Sales Cost of Goods Sold 55 Total Cost of Sales 55 Gross Profit 19,040 Operating Expenses Bad and Doubtful Debts 9,000 Consulting & Accounting 500 Depreciation 193 Insurance (7,018) Interest Expense 2,003 Light, Power, Heating 327 Wages and Salaries 13,500 Total Operating Expenses 18,505 Net Profit 536 Find liquidity ratio Profitability ratio Stability ratio