Prepare the following Financial Statements 1. Income Statement 2. Statement of Changes in Owner's Equity 3....

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Prepare the following Financial Statements 1. Income Statement 2. Statement of Changes in Owner's Equity 3. Statement of Financial Position 4. Statement of Cash Flow II. Perform the Vertical Financial Statement Analysis of the above Income Statement and the Statement of Financial Position III. Compute the applicable Financial Ratios for the following: 1. Profitability Ratios (3 ratios) 2. Liquidity Ratios (3 ratios) 3. Stability Ratios (3 ratios) IV. Give your evaluation on this business with regards to profitability, liquidity and stability. 1. Preparation of Financial Statements Batangas Product Trader FS Data November 30, 2022 Accounts Amount Cash 502,030 Notes Receivable 6,000 Accounts Receivable 51,500 Allo for impairment Loss 1,410 Interest Receivable 15 Prepaid Rent Prepaid Advertising 30,000 5,000 Prepaid Insurance 22,000 Supplies Inventory 250 Merchandise Inventory, Nov 30, 102,400 2022 Delivery Van 850,000 Accum Depreciation- Del Van 7,000 Office Equipment 125,000 Accum Depreciation- Office 1,025 Equip Furniture and Fixture 40,000 Accum Depreciation-Fur and 330 Fixture Accounts Payable 855,500 Notes Payable 8,000 Interest Payable 20 Unearned Rental Income 2,000 Loan Payable-Long Term 200,000 Batangas Trader Capital, Nov 1, 625,000 2022 Batangas Trader Drawings 22,000 Sales 266,560 Sales Returns and Allowance 11,700 Sales Discount 3,600 Merchandise Inventory, Nov 1, 50,000 2022 Purchases Freight-In 137,800 2,400 Purchase Rets and Allo 4,500 Purchase Disc 600 Sales Salaries 24.000 Advertising Salaries 5,000 Freight-Out 3,120 Depreciation Delivery Van 7.000 Impairment Loss 1,410 Office Salaries 33,000 Rent Expense 15,000 Insurance Expense 2,000 Office Supplies Expense 1.000 Taxes and Licenses Expense 1,260 Light and Water Expense 20,500 Depreciation Expense-Office 1,025 Equip Depreciation Expense-Furn and 330 Fixture Rental Income 2,000 Interest Income 15 Interest Expense 20 Prepare the following Financial Statements 1. Income Statement 2. Statement of Changes in Owner's Equity 3. Statement of Financial Position 4. Statement of Cash Flow II. Perform the Vertical Financial Statement Analysis of the above Income Statement and the Statement of Financial Position III. Compute the applicable Financial Ratios for the following: 1. Profitability Ratios (3 ratios) 2. Liquidity Ratios (3 ratios) 3. Stability Ratios (3 ratios) IV. Give your evaluation on this business with regards to profitability, liquidity and stability. 1. Preparation of Financial Statements Batangas Product Trader FS Data November 30, 2022 Accounts Amount Cash 502,030 Notes Receivable 6,000 Accounts Receivable 51,500 Allo for impairment Loss 1,410 Interest Receivable 15 Prepaid Rent Prepaid Advertising 30,000 5,000 Prepaid Insurance 22,000 Supplies Inventory 250 Merchandise Inventory, Nov 30, 102,400 2022 Delivery Van 850,000 Accum Depreciation- Del Van 7,000 Office Equipment 125,000 Accum Depreciation- Office 1,025 Equip Furniture and Fixture 40,000 Accum Depreciation-Fur and 330 Fixture Accounts Payable 855,500 Notes Payable 8,000 Interest Payable 20 Unearned Rental Income 2,000 Loan Payable-Long Term 200,000 Batangas Trader Capital, Nov 1, 625,000 2022 Batangas Trader Drawings 22,000 Sales 266,560 Sales Returns and Allowance 11,700 Sales Discount 3,600 Merchandise Inventory, Nov 1, 50,000 2022 Purchases Freight-In 137,800 2,400 Purchase Rets and Allo 4,500 Purchase Disc 600 Sales Salaries 24.000 Advertising Salaries 5,000 Freight-Out 3,120 Depreciation Delivery Van 7.000 Impairment Loss 1,410 Office Salaries 33,000 Rent Expense 15,000 Insurance Expense 2,000 Office Supplies Expense 1.000 Taxes and Licenses Expense 1,260 Light and Water Expense 20,500 Depreciation Expense-Office 1,025 Equip Depreciation Expense-Furn and 330 Fixture Rental Income 2,000 Interest Income 15 Interest Expense 20