Please answer just #2.

The adjusted trial balance for Tybalt Construction as of December 31, 2013, follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2013 CA No. Account Title Debit Credit $ 5,000 23,000 101 Cash 126 Supplies 128 Prepaid insurance 67 quipment 7,000 40,000 $ 20,000 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251 Long-term notes payable 307 Common stock 318 Retained earnings .. 319 Dividends 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 150,000 50,000 55,000 16.500 2.500 3,500 2,500 900 7.500 67,000 5,000 121.400 13,000 97,000 14,000 2.100 11,000 6,000 32.000 10,000 13,400 7.400 4.200 5,000 8,900 3,200 4,600 688 Telephone expense . 690 Udilities expense Totals $411.900 SA11.900 O. Tybalt invested $1,000 cash in the business in exchange for more common stock during year 2013; the December 31, 2012, credit balance of retained earnings was $121,400. Tybalt Construction is required to make a $7,000 payment on its long-term notes payable during 2014. Required 1. Prepare the income statement and the statement of retained earmings for the calendar year 2013 and the Check classified balance sheet at December 31, 2013. $218,100 2.Prepare the necessary closing entries at December 31, 2013, 3. Use the information in the financial statements to com pute these ratios: (a) return on assets (total was $200,000). (b) debt ratio, (c) profit margin ratio (use total revenues assets at December 31, 2012, as the denominator), and (d) current ratio. Round ratios to three decimals for parts a and c, and to two decimals for parts b and d