Based on the information provided below, answer the following questions. Post your answers to the answer sheet provided. Balance Sheet 2xx1 Balance Sheet 2xx2 Income Statement 2xx2 Cash Acct. Receivable 20,000 Inventory Prepaid Expenses 4,000 10,000 Cash Acct. Receivable 10,000 Inventory Prepaid Expenses 8,000 20,000 Revenues 1,200,000 16,000 12,000 Gross Profit 840.000 Payroll Expenses 480,000 General Expenses 25,000 Equipment 300,000 Equipment 200,000 Building350.000 Building(net) 250.000 Total Assets 700,00 Total Assets 500.000 Rent Expenses 120,000 Utility Expenses 45,000 Total Assets 700.00Bouldn(ne 250.000Amnistratie Exp 10,000 R&M Expenses 10,000 Acct. Payable 60,000 Acct. Payable 15,000 Salaries Payable 25,000 Salaries Payable 10,000 Interest Payable 15,000 Interest Payable 5,000 Long-term debt 300,000 Owners' Equity Determine TotalL6OE-Determine Long-term debt 170,000 Owners' Equity Determine Total L&OE-Determine 0.000 Q. Determine the amount of Tax (Income Tax) of 2xx2. (Do not put "$or "" in your answer. If your answer is $1,000 then put just 1000) Based on the information provided below (which is the same as above), answer the following questions. Post your answers to the answer sheet provided. Balance Sheet 2xx1 Balance Sheet 2xx2 Income Statement 2xx2 Cash Acct. Receivable 20,000 Inventory Prepaid Expenses 4,000repid Expenses 8,000 10,000 Cash 20,000 Revenues 1,200,000 Acct. Receivable 10,000 Inventory 16,000 12,000 Payroll Expenses 480,000 General Expenses 25,000 Equipment 300,000 Building 350,000 Building. Total Assets 700.000 Total Assets 500.000 Equipment 200,000 Administrative Exp 10,000 Rent Expenses 120,000 Utility Expenses 45,000 R&M Expenses 10,000 Acct. Payable 60,000 Acct. Payable 15,000 Salaries Payable 25,000 Sies Payable 10,000 Interest Payable 15,000 Interest Payable 5,000 Depreciation Exp,30.000 Interest Expenses 20.000 Long-term debt 300,000 Owners' Equity Determine Long-term debt 170,000 Owners' Equity Determine Q. Determine the Tax rate (%) of 2xx2 (Do not put "96" in your answer. If your answer is "99%", then put just 99) Based on the information provided below (which is the same as above), answer the following questions. Post your answers to the answer sheet provided. Balance Sheet 2xx2 Balance Sheet Income Statement 2xx2 Cash Acct. Receivable 20,000 Inventory Prepaid Expenses 4,000 10,000 Cash Acct. Receivable 10,000 Inventory Prepaid Expenses 8,000 20,000 Revenues 1,200,000 16,000 12,000 Payroll Expenses 480,000 General Expenses 25,000 Equipment 300,000 Equipment 200,000 Buildin Administrative Exp 10,000 Rent Expenses 120,000 Utility Expenses 45,000 000 Building.(net) 250.000 R&M Expenses 10,000 Acct. Payable 60,000 Acct. Payable 15,000 Salaries Payable 25,000 Salaries Payable 10,000 Interest Payable 15,000 Interest Payable 5,000 Depreciation Exp, 30.000 Long-term debt 300,000 Long-term debt 170,000 0.000 Q. Calculate the ROS of the year 2xx2. (Do not put "%" in your answer. If your answer is "100%", then put just 100) Based on the information provided below (which is the same as above), answer the following questions. Post your answers to the answer sheet provided. Balance Sheet Balance Sheet 2xx2 Income Statement 2xx2 Cash Acct. Receivable 20,000 Inventory Prepaid Expenses 4,000 10,000 Cash Acct. Receivable 10,000 Inventory Prepaid Expenses 8,000 20,000 Revenues 1,200,000 Cost of Sales 360.000 16,000 12.000 Payroll Expenses 480,000 General Expenses 25,000 Equipment 300000 Building Total Assets 700.000 Total Assets 500.000 Equipment 200,000 Administrative Exp 10,000 Rent Expenses 120,000 Utility Expenses 45,000 000 Building. R&M Expenses 10,000 Acct. Payable 60,000 Acct. Payable 15,000 Salaries Payable 25,000 Salaries Payable 10,000 Interest Payable 15,000 Interest Payable 5,000 Long-term debt 300,000 Long-term debt 170,000 Q. Calculate the ROA of the year 2xx2 (Do not put "%" in your answer. If your answer is "100%", then put just 100)