Please do 4-1a - 5a and provide an explanation.

Cambridge Buolness Publishers Chapter 4 Understanding Financial Statements SET A EXERC E4-IA. Prp g a Classified Balance Sheet From the following accounts, listed in alphabetical order. pre- iied balance sheet for Oakland Wholesalers as of December 31. All accounts have normal LO1 ba Acc apayable Ac recelvable Bug $ 50,000 40,000 67,000 28,000 120,000 Inventory Land $117,000 39,000 Mortgage payable (long term) Office supplies Retained eamings Salaries payable 79.000 Cash 1,000 Common stock 7,000 E4-2A. Multi-step Income Statement From the following accounts, listed in alphabetical order, prepare a multi-step income statement for Carl Distributors for the year ended December 31, All accounts have LO2 normal balances. $580.000 10,000 Selling, general and administrative expense Cost of goods sold Interest expense $225,000 Sales revenue. Income tax expense 335.000 5,000 LO3, E4-3A. Evaluating the Liquidity and Solvency of a Company Identify whether the following statements are true or false, The current ratio is a measure of a firm's liquidity Free cash flow is a measure of a firm's solvency The return on sales ratio is a measure of a firm's liquidity The debt-to-total-assets ratio is a measure ofa firm's liquidity c. d Classified Balance Sheet The George Company collected the following information for the prepara- tion of its December 31 classified balance sheet: L01 E4-4A. Property, plant, and equipment Inventory Other long-term assets $200,000 $22,000 17,000 25,000 Accounts receivable Cash. Other current assets Accounts payable Long-term liabilities. Other current liabilities 57,000 40,000 92,000 Common stock 25,000 Retained earnings 60,000 19.000 Prepare a classified balance sheet for the George Company E4-5A. Profitability, Liquidity, and Solvency Ratios Alex Corporation gathered the following information LO3, 4 from its financial statements: $175,000 35,000 40,000 15,000 47,250 27,000 135,000 94,500 Net sales. Net income Cash provided by operating activities. Expenditures on property, plant, and equipment Current assets Current liabilities. Total assets Total liabilities Using the above data, calculate the following: (1) return on sales ratio, (2) current ratio, (3) debt-to- total-assets ratio, and (4) free cash flow