Ex 4-4 - Preparing the Financial Statements Use the following adjusted trial balance of Webb Trucking Company to prepare the (1) income statement and (2) statement of changes in equity, for the year ended December 31, 2015. The K. Webb, Capital, ac- count balance is $161,000 at December 31, 2014. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land.. Accounts payable Interest payable Long-term notes payable K. Webb, Capital K. Webb, Withdrawals Trucking fees earned. Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals. Debit $ 7,000 16,500 2,000 170,000 75,000 19,000 Credit $35,000 11,000 3,000 52,000 161,000 128,000 22,500 60,000 7,000 11,000 $390,000 $390,000 Ex 4-5 - Preparing a Classified Statement of Financial Position Use the information in the adjusted trial balance reported in Exercise 4-4 to prepare Webb Trucking Company's classified statement of financial position as at December 31, 2015. Ex 4-6 - Computing & Analyzing the Current Ratio Use the information in the adjusted trial balance reported in Exercise 4-4 to compute the current ratio as at the statement of financial position date (round the ratio to two decimals). Interpret the current ratio for the Webb Trucking Company. (Assume that the industry average for the current ratio is 1.5.)

Ex 4-4-Preparing the Financial Statements Use the following adjusted trial balasce of Webb Trucking Company to peepare the (1) incoene staternent and (2) statement of changes in equity, for the year ended December 31, 2015. The K. Webb, Capital, accoust balance is $161,000 at December 31,2014 . Ex 4-5 - Preparing a Classified Statement of Financial Position Use the information is the adjusted trial balance reported in Exercise 4-4 to peeparo Webb Trucking Company's classified statement of financial position as at Decenber 31, 2015. Ex 4-6-Computing \& Analyzing the Current Ratio Use be information in the adjusted trial balance reported in Exercise 4-4 to compute the current ratio as at the statemeat of financial position date (round the ratio to two decimals). Interpeet the current ratio for the Wobb Trucking Company. (Assume that the industry average for the current ratio is 1.5.)