accounting homework help! O. Tybalt invested $6,000 cash in the business during year 2019 (the December 31, 2018, credit balance of the O. Tybalt, Capital account was $125,900).

Required:

1a.Prepare the income statement for the calendar year 2019.

1b.Prepare the statement of owner's equity for the calendar year 2019.

1c.Prepare the classified balance sheet at December 31, 2019.

2.Prepare the necessary closing entries at December 31, 2019.

3.Use the information in the financial statements to compute the followingratios:

TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 Account Title Debit Credit 161 Cash $ 6,008 104 Short-term investments 24, 560 126 Supplies 9, 108 128 Prepaid insurance 8, 106 167 Equipment 45,060 168 Accumulated depreciation-Equipment $ 22, 560 173 Building 177,006 174 Accumulated depreciation-Building 59, 900 183 Land 65,370 201 Accounts payable 17, 908 203 Interest payable 2,400 208 Rent payable 3, 708 210 Wages payable 2, 500 213 Property taxes payable 1, 506 233 Unearned professional fees 1,908 244 Current portion of long term note payable 9,808 251 Long-term notes payable 61,900 301 0. Tybalt, Capital 131,908 362 0. Tybalt, Withdrawals 11,006 401 Professional fees earned 184.906 406 Rent earned 16, 506 407 Dividends earned 2, 208 409 Interest earned 2, 100 606 Depreciation expense-Building 12,980 612 Depreciation expense-Lquipment 6, 750 623 Wages expense 26.006 by3 interest expense 4, 406 63/ insurance expense 7. 206 540 Rent expense 10,609 652 Supplies expense 6. 500 682. Postage expense a85 Property Taxes expense 684 Repairs expense Telephone expense urilities expense SFB4E408-D826