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 depreciationoffice equipment		4,350
Office furniture	37,710
Accumulated depreciationoffice furniture		4,870
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 expenseoffice equipment	6,680
Depreciation expenseoffice furniture	2,370
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	175,910	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