Cash and Equivalents Accounts Receivable Inventory 2022 2021 7000 8000 11000 4000 7000 8000 Property, Plant & Equipment(net) 55000 40000 Total Assets 80000 60000 Total Current Liabilities 10000 8000 Long-term Debt 32000 24000 Common Stock 25000 25000 Treasury shares (5000) (5000) Retained Earnings 18000 8000 Total Liabilities and Owner's Equity 80000 60000 First Question: following financial statements for QATER CO. Then answer the questions: (12 Marks) Income statement For the ended 31/12/2022 Sales (all credit) 2022 2021 80000 70000 (30000) (24000) Cost of Goods Sold Gross Profit 50000 46000 Operating expenses (19000) (22000) EBIT 31000 24000 Interest Expense (2000) (1000) Earnings Before Taxes 29000 23000 Taxes @ 40% (11600) (9200) Net Income 17400 13800 Additional information: Depreciation expense $4000. First question- QATER co. fo2 2020 and for 2022 if you can. A. Analyze the following items horizontally & vertically: sales, inventory, cost of goods sold, gross profit, net income, and long-term debts. Then, put short comments for each item. B. Compute: ratios to analyze all liquidity analysis, solvency analysis & profitability analysis. Then, put short comments for each ratio. C. Summarize all ratios, then put your conclusion about the profitability, liquidity, and solvency position for QATER co. D. Put your advice to the managers of this corporation. E. If the company sells from its inventory costs $2000, by $ 3000 on accounts, what are the effects on the following ratios: current ratio, quick ratio, and accounts receivables. Important note: put all your formulas and all calculation and use Excel at least in one of requirement above