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Cash $ 5,000 Accounts receivable 3,270 Supplies 5,060 1,500 9,400 $ 1,080 845 7,000 6,000 Prepaid Insurance Equipment Accumulated depreciation - Equipment Accounts payable Long-Term

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Cash $ 5,000 Accounts receivable 3,270 Supplies 5,060 1,500 9,400 $ 1,080 845 7,000 6,000 Prepaid Insurance Equipment Accumulated depreciation - Equipment Accounts payable Long-Term notes payable Common stock Retained carnings Dividends Service fees camed Rent expense Salaries expense Supplies expense Insurance expense Depreciation expense - Equipment 7,505 2,900 62,400 15,000 33,400 4,700 3,250 720 630 Interest expense Totals $ 84,830 $ 84,830 Required: Prepare an Income Statement, a statement of Retained Earnings and a Balance Sheet. Also, calculate profit margin, current ratio, working capital, assets turnover and debt ratio

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