Building $100,000 -Account Receivable $10,000 -Equipment $100,000 -Cash in bank $20,000 -Notes payable $20,000 -Retained earnings $100,000 -Long term loan $100,000 -Owners equity $10,000 I. Prepare a balance sheet for Company X for 31 December 2021. II. Based on the balance sheet calculate and explain the : - Liability ratio -Asset ratio -Owners Equity ratio