Based on the above financial statements, calculate the following ratios for 2021: income statement 480,000 Sales cost of goods sold 243,200 salaries expense 55,200 depreciation expense 24,000 4,500 interest expense rent expense gain on equipment 36,000 0 loss on equipment disposal 1,400 364,300 net income 115,700 Statement of Retained Earnings an 36,300 Beginning Balance - Retained Eamings Plus - Net Income Less - Dividends 115,700 (18.000 Ending Balance - Retained Earnings S 134,000 Balance sheets 2020 2021 changel Assets: Cash 27,500 72,600 45,100 Accounts Receivable 32,600 47,600 15,000 Inventory 48.000 54,800 6,800 7,200 prepaid expenses Equipment 5,200 (2.000) 56,000 77,000 21,000 Accum. Depr - Equipment (26,500) (32,500) (6.000) total assets 144,800 224,700 Liabilities: Accounts Payable 12,700 25,700 13,000 accrued Liabilities 3.800 5,000 1,200 Bonds Payable 72,000 40,000 (32,000) total liabilities 88,500 70,700 shareholders Equity Common Stock 20,000 20,000 0 Retained Earnings 36,300 134,000 97,700 total equity 56,300 154,000 144,800 224,700 total liabilities and shareholder equity A. Current Ratio B. Gross Profit Percentage C. Debt Ratio D. Debt to Equity Ratio