Case 11-21 (Algo) Analytical case-complete an income statement and balance sheet using financial ratio data Financial ratios computed for Whittaker Incorporated include the following: Current ratio Acid-test ratio Debt/equity ratio Inventory turnover Accounts receivable turnover Times interest earned Gross profit ratio Return on investment Earnings per share 1.8 to 1 1.5 to 1 2.0 to 1 3.0 times 5.5 times 4.90 times 40% 7.77% $ 8.11 All sales during the year were made on account. Cash collections during the year exceeded sales by $11,000, and no uncollectible accounts were written off. The balance of the accounts receivable account was $47,000 on January 1, 2023. No common stock was issued during the year. Dividends declared and paid during the year were $4,240. . The balance of the inventory account was $58,300 on January 1, 2023. Interest expense on the income statement relates to the 10% bonds payable; $12,000 of these bonds were issued on May 1, 2023; the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at face amount. Required: a. Complete the income statement and balance sheet for Whittaker Incorporated.