I don't know how to do this question. It is E2-36 A-D

E2-36. Preparing Balance Sheets, Computing Income, and Applying the Current and Quick Ratios LO1, 5, 7 Balance sheet information for Lang Services at the end of 2014 and 2015 is December 31, 2015 December 31, 2014 Accounts receivable. . . $22,800 1,800 10,000 32,000 4,700 25,000 $17,500 1,600 8,000 27,000 4,200 25,000 Supplies . .. a. Prepare its balancesheet for December 31 of each year. b. Lang Services raised $5,000 cash through issuing additional common stock early in 2015, and it declared and paid a $17,000 cash dividend in December 2015. Compute its net income or loss for 2015. Calculate the current ratio and quick ratio for 2015. Assume the industr on Lang's current and quick ratios relative to the industry. c. d. y average is 1.5 for the current ratio and 1.0 for the quick ratio. Comment