Area: Classified Balance Sheet and Income Statement structure/format for a Service Business 5. The following balances were taken from the accounting records of Singapore Cleaning Services Pty Ltd as at 30 June Cash Accounts receivable Supplies inventory Plant & equipment Accumulated depreciation Accounts payable Share capital 1 January Dividends Fees revenue Supplies expense Selling expenses Financing expenses General & administrative expenses Income tax expense S6000 11 000 4500 78 000 7 000 2000 49 250 6000 189 000 98 000 8000 1750 12 000 22 000 (a) Prepare an income statement for the business for the year ended 30 June th) Prepare a classified balance sheet for the business as at 30 June (c) Calculate the current ratio and comment about the liquidity of this business. The average current ratio of cleaning service business is 2-1