Data table ant, statement of retained earnings, and balance sheet. Requirements 1. Prepare Poterson Corporation's 2021 single.step income statement, statement of retained earnings, and balance sheet. 2. Peterson's lenders require that the company maintain a debt ratio no higher than 0.50. Calculate Peterson's debt ratio at October 31, 2021, to determine whether the company is in compliance with this debt restriction. If not, suggest a way that Peterson could have avoided this difficult situation. Data table gnt, statement of retained earnings, and balance sheet. Requirements 1. Prepare Peterson Corporation's 2021 single-step income statement, statement of retained earnings, and balance sheet. 2. Peterson's lenders require that the company maintain a debt ratio no higher than 0.50. Calculate Peterson's debt ratio at October 31, 2021, to determine whether the company is in compliance with this debt restriction. If not, suggest a way that Peterson could heve avoided this difficult situation