Enter the income statement and balance sheet data for Virtual Gaming Systems shown below in a Microsoft Excel spreadsheet. VIRTUAL GAMING SYSTEMS Balance Sheets December 31 201920182017 Assets Current assets: CashAccountsreceivableInventoryPrepaidrent$216,00090,000140,00015,000$196,00091,000115,00013,000$154,00070,000145,0007,200 Long-term assets: Liabilities and Stockholders' Equity. Current liabilities: \begin{tabular}{lrrr} Accounts payable & $161,000 & $76,000 & $137,200 \\ Interest payable & 12,000 & 8,000 & 4,000 \\ Income tax payable & 13,000 & 20,000 & 15,000 \\ \hline Long-terititiabilites & & & \\ Notes payable & 450,000 & 295,000 & 235,000 \end{tabular} Inventory Prepaid rent 140,00015,000115,00013,000145,0007,200 Long-term assets: InvestmentinbondsLandEquipmentLess:AccumulateddepreciationTotalassets115,000310,000310,000(124,000)$1,072,000115,000220,000280,000(84,000)$946,0000250,000220,000(52,000)$794,200 Liabilities and Stockholders' Equity. Current liabilities: 4. Calculate the following profitability ratios for 2018 and 2019 using formulas in Excel as demonstrated in class: a. Gross profit ratio. (Hint: Use net sales for net credit sales.) b. Return on assets. c. Profit margin. d. Asset turnover. (Hint: Use net sales for net credit sales.)