Data Table Susan Smith, Registered Dietician Trial Balance July 31, 2024 Balance Debit Credit Account Title Cash $ 35,000 C Print Done Data Table Accounts Receivable 9,400 Office Supplies 2,100 Prepaid Insurance 2,000 Equipment 21,000 Accounts Payable $ 1,600 Unearned Revenue 14,015 Print Done Data Table > Notes Payable 24,000 Common Stock 19,000 Dividends 2,000 Service Revenue 15,435 Salaries Expense 2,000 Rent Expense 400 Print Done Utilities Expense 150 $ 74,050 $ 74,050 Total Requirements 1. Prepare the income statement for the month ended July 31, 2024. 2. Prepare the statement of retained earnings for the month ended July 31, 2024. The beginning balance of retained earnings was $0. 3. Prepare the balance sheet as of July 31, 2024. 4. Calculate the debt ratio as of July 31, 2024. Susan Smith, Registered Dietician Income Statement Month Ended July 31, 2024 Net Income HERRE Susan Smith, Registered Dietician Statement of Retained Earnings Month Ended July 31, 2024 Retained Earnings, July 1, 2024 Retained Earnings, July 1, 2024 Retained Earnings, July 31, 2024 Assets Liabilities Stockholders' Equity Stockholders' Equity Requirement 4. Calculate the debt ratio as of July 31, 2024. Requirement 4. Calculate the debt ratio as of July 31, 2024. Select the debt ratio formula on the first line and then calculate the ratio. Debt ratio = %