At wuiy 1,2021, the end of its most recent fiscal year, Picard Consultanls I fd.'s post-ciosing trial balance was as follows: Instructions A Prepare a statement of income. ( 10 marks) B Prepare a statement of changes in equity. (12 marks) C Prepare a statement of financial position. ( 14 marks) D Picard needs to maintain a current ratio of 2:1 in order to maintain its financial standing with its bankers. Calculate the current ratio. Has it achieved the 2-to-1 benchmark? (4 marks)