Class A common shares were issued? Problem 13-9A es. The following accounts and related balances of Etse Manufacturing Inc. are arranged in no particular order: Preparing a corporation's balance sheet; measuring profit- ability Accounts Payable $ 23,000 $36,000 Accrued Liabilities ng Retained Earnings Long-term Note Payable Accounts Receivable, net 100,500 Common Shares, 100,000 100,000 shares Preferred Shares, $0.15 authorized, 33,000 shares 25,000 shares authorized, issued and outstanding Dividends Payable 165,000 6,000 shares issued. 30,000 Cash.. 35,000 4,500 Total assets, Dec. 31, 2016. 190,500 567,500 Inventory Property, Plant, and Equipment, Prepaid Expenses 140,750 Net income. 381,000 net Common Shareholders' Equity, Dec. 31, 2016 Interest Expense 15,500 520,000 37,000 Patent, net. 10,850 Required 1. Prepare the company's classified balance sheet in the report format at December 31, 2017 2. Compute the rate of return on total assets and the rate of return on common shareholders equity for the year ended December 31, 2017 3. Do these rates of return suggest strength or weakness? Give your reason. 7 Chapter 13 Corporations: Share Capital and the Balance Sheet