Credit 2019 Debit 32,000 6,000 6,500 13,000 2,400 3,000 1 Antique Restore Company 2 Adjusted Trial Balance 3. December 31, 2020 4 5 Account Titles 6 Cash 7 Accounts receivable 8 Supplies 9 Equipment 10 Accumulated depreciation 11 Other assets 12 Accounts payable 13 Wages payable 14 Interest payable 15 Income taxes payable 16 Long-term notes payable 17 Common stock (60,000 shrs outstanding) 18 Retained earnings 19 Service revenue 20 Wages expense 21 Supplies expense 22 Depreciation expense Checklist SLA 4 SLA#5 Ratio Analysis 15,000 5,000 200 1,600 10,000 20,000 2020 Debit Credit 42,000 6,000 8,000 18,000 4,800 2,000 12,000 5,200 600 3,825 10,000 20,000 4,200 55,000 23,000 10,000 2,400 54,000 28,000 15,500 2,400 BAN AA 19 D E B F G 15,500 10,000 Supplies expense 2 Depreciation expense 2,400 2,400 200 400 3 Interest expense 4 Income tax expense 1,600 3,825 -5 Totals 108,200 108,200 115,625 115,625 26 TRUE TRUE 27 2,8 Peter and Samantha Jones began operations of their antique restoration business, Antique Restore Company, on 1 January 2019. The annual reporting period ends 31 December. Above is their adjusted trial balances as of 31 December 29 2019 and 2020 30 31 Required: (all well-formatted and linked or formulas) 32 1. Prepare a comparative classified income statement including EPS) for the years ended 31 December 2019 and 2020. 33 2. Prepare a comparative statement of stockholders' equity for the years ended 31 December 2019 and 2020. 34 3. Prepare a comparative classified balance sheet as of 31 December 2019 and 2020. 35 4. Calculate the following ratios for 2019 and 2020 and interpret the results. 36 The suggested format for the ratio analysis has been provided (see related tab) 37 4a. Current Ratio 38 4b. Total Asset Turnover 4. Net Profit Margin 40 4d. Return on Assets + 39 1 2 Antique Restore Company Ratio Analysis 31 December Formula 2019 2020 Comments explain results for the company and improvement or detrloration year to year 5 Ratio Name 6 2 (type name of ratio B yoto 12 sporto 15 17 typenamorat type denominator