Marie, LTD. has the following assets, liabilities, revenues and expenses for the current year. The accounts are listed below in alphabetical order. The company has a December 31^st year end.

Accounts receivable	$28,000		Office equipment	$59,500
Accounts payable	39,500		Office supplies	5,000
Building	45,000		Service revenue	112,000
Cash	60,000		Supplies expense	8,000
Commission expense	25,500		Utilities expense	18,500
Common stock	42,500		Wage expense	74,500
Interest payable	14,500		Deferred revenue	8,500
Land	40,000		Prepaid Expenses	4,000

Beginning retained earnings was $158,000 and dividends were $7,000 for the year. Prepare the income statement s for the current year. Calculate the company's quick ratio, and comment on it's liquidity.