P4-30A (similar to) Question Help The Baju ead d l tem at December 31, 2018. follows: trip Read the reguirements ebox empty do not select a label a Requirement 1. Prepare the company's income statement for the year ended December 31, 2018. (If a box is not used n the statement, leave enter a zero. Use a minus sign or parentheses to showa net loss.) Bradford Irrigation System Income Statement Year Ended December 31, 2018 Requirements 1, Prepare the company's income statement for the year ended 2010. 2. Prepare the c December 31, 2018 s statement of retained earnings for the year ended 3. Prepare the company's classified balance sheet in report form at December 31, 2018 Journalize the closing entries for Bradford Irrigation Systom At December 31, 2017, the current ratio was 2.1. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Print Done Net Income (Loss) Bradford Irrigation System Adjusted Trial Balance December 31, 2018 Balance Credit Account Title Debit Cash 13,500 Accounts Receivable 47,000 Office Supplies 39,000 Prepaid Insurance 6,100 57,200 Building Accumulated Depreciation-Building 24,200 Equipment 30,000 6,600 Accumulated Depreciation-Equipment Accounts Payable 41,300 Interest Payable 2,000 Salaries Payable 3,600 Unearned Revenue 1,100 Notes Payable (long-term) 21,600 Common Stock 21,000 Retained Earnings 25,000 2,700 Dividends 74,200 Service Revenue Insurance Expense 1,500 Salaries Expense 16,700 Supplies Expense 1,500 Interest Expense 2,000 Depreciation Expense-Equipment 2,100 1,300 Depreciation Expense-Building 220,600 S 220,600 Total