Homework: Chapter 4 Lab work Score: 0.18 of 1 pt P4-30A (similar to) 3 of 14 (4 complete) The adjusted trial balance of Bechard Irrigation System at December 31, 2018, follows (Click the icon to view the adjusted trial balance.) Read the requirements A Requirements Total Expenses Net Income (Loss) Requirement 2. Prepare the company's statement of owner's equity for the year Enter any increases in capital prior to the subtotal and any decreases to capital Bechard Irrigation System Statement of Owner's Equity Year Ended December 31, 2018 Bechard, Capital, January 1, 2018 1. Prepare the company's income statement for the year ended December 31, 2018 2. Prepare the company's statement of owner's equity for the year ended December 31, 2018. Assume that there were no contributions made by the owner during the year 3. Prepare the company's classified balance sheet in report form at December 31, 2018 4. Journalize the closing entries for Bechard Imigation System 5. Compute the company's current ratio at December 31, 2018. At December 31, 2017, the current ratio was 2. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Choose from any list or enter any number in the input fields and then click Ci Print Done A Data Table em at f own kde by the the stater Bechard Irrigation System Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit 15,600 Accounts Receivable 51,000 Office Supplies 700 Prepaid Insurance 6,200 Building 60,000 Accumulated Depreciation-Building $ 25,100 dan Cash 18 nput Print Done A Data Table -ystem at mce.) 30,000 6,900 29,200 800 de by the owner du ent of own al and any the statement of ow Equipment Accumulated Depreciation Equipment Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Bechard, Capital Bechard, Withdrawals Service Revenue Insurance Expense Salaries Expense 3,600 1,400 33,300 20,000 tem quity 1. 2018 3,200 70,000 1,200 16.100 the input 1 Print Done i Data Table 33,300 20,000 3,200 70,000 de by tr Notes Payable (long-term) Bechard, Capital Bechard, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Depreciation Expense-Equipment Depreciation Expense-Building the state 1,200 16,100 1,300 800 2.700 1.500 Total 190,300 $ 190,300