Account Titles Balance Credit Debit $40,000 $40,000 $107.000 Cash $50,000 Accounts receivable $30,000 Supplies.. $20.000 Building $100,000 Accumulated amortization - building Accounts payable Capital Withdrawals $80,000 Service revenue, Supplies expense $0 Amortization expense - building $0 Salary expense $15,000 Salary payable Unearned service revenue Total $295,000 On December 31st, the following observations were made: A count of supplies showed $100 of unused supplies on hand. Amortization for the year on building was calculated to be $5,000 $100,000 $0 $8,000 $295.000 a) Prepare the income statement for year ended, the statement of owner's equity for year ended, and the balance sheet (15 points) b) Calculate the following ratios, explain their meaning, and interpret the condition of the company based on the ratios (5 points) Return on Equity ratio Return on Assets ratio Debt to assets ratio Working capital ratio Collection ratio