adjust the following

ONLY S RUSCS E G H 12/31/2023 $ 225,000 100,000 125,000 B Rosey's Roses 2. Income Statement 3 for the period ended 4 5 12/31/2022 6 Sales $ 200,000 7 Less: Cost of Goods Sold 85,000 8 Gross Margin 115,000 9 Expenses: 10 Advertising $ 18,000 11 Communications 7,500 12 Depreciation 5,000 13 Payroll 32,000 14 Rent 11,600 15 Supplies 1,300 16 Utilities 4,600 80,000 17 Net income $ 35,000 18 19 20 21 22 23 24 25 26 27 28 $ 17,000 6,500 5,000 54,700 13,000 800 4,000 101,000 $ 24,000 B D E F Rosey's Roses Balance Sheet as of 12/31/2022 12/31/2023 15,000.00 22,000.00 11,250.00 250.00 15,000.00 18,373.97 38,626.03 500.00 48,500.00 72,500.00 55,000.00 26,500.00 10,000.00 75,000.00 7,500.00 15,000.00 71,500.00 120,000.00 67,500.00 140,000.00 5 Assets 5 Current Assets: Cash 3 Accounts Receivable 9 Inventory 10 Supplies 11 12 Buildings 13 Equipment 14 Less: Accumulated Depreciation 15 Total 16 17 Liabilities and Stockholders' Equity 18 Current Liabilities 19 Accounts Payable 20 Payroll Liabilities 21 22 Long-Term Debt 23 24 Owner's Equity 25 Total 26 27 28 29 22,500.00 4,500.00 27,000.00 25,000.00 5,000.00 30,000.00 70,000.00 63,000.00 23,000.00 120,000.00 47,000.00 140,000.00 an Income Statement Balance Sheet Ratio Analysis TX Rosey's Roses B D E F G H A Rosey's Roses 2 Ratio Analysis 3 December 2023 4 5 Profitability 6 Return on owners' investment 7 Return on total investment 8 Profit margin 9 Gross margin 10 Liquidity 11 Current ratio 12 Quick ratio 13 Receivable turnover 14 Inventory turnover 15 Solvency 16 Debt-to-equity 17 Liability 18 19 20 21 22 23 24 25 26 27 28 29 30