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Q 1 The adjusted trial balance of Marineland Travel Designers at December 31, 20X6, follows. MARINELAND TRAVEL DESIGNERS Adjusted Trial Balance December 31, 20X6 Cash 1,320 Accounts receivable 4,920 Supplies 2,300 Prepaid rent 1,600 Office equipment 20,180 Accumulated depreciation-office RS. 4,350 equipment Office furniture 37,710 Accumulated depreciation-office 4,870 furniture Accounts payable 4,740 Interest payable 830 Unearned service revenue 620 Note payable 13,500 Ken Sorley, capital 26,090 Ken Sorley, drawings 29,000 Service revenue 120,910 Depreciation expense-office 6,680 equipment Depreciation expense-office 2,370 furniture Salary expense 39.900 Rent expense 17,400 Interest expense 3,100 Utilities expense 2,670 Insurance expense 3,810 Supplies expense 2,950 Total RS. 175,910 RS. 175,910 Required 1. Prepare Marineland's 20X6 income statement and year-end balance sheet. Find out the following ratios a. Liquidity b. Profitability C. Leverage d. Efficiency ratio/Asset Activity