Presented below are the comparative balance sheets of Joe's Garage, Inc., at December 31, 2020, and 2019. Sales for the year ended December 31, 2020, totaled $1,780,000. JOE'S GARAGE, INC. Balance Sheets December 31, 2020, and 2019 2020 2019 $ 90,000 268,000 402,000 $ 760,000 132,000 728,000 (372,000) $1,248,000 $ 98,000 212,000 394,000 $ 704,000 120,000 650,000 (314,000) $1,160,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued liabilities Total current liabilities Long-term debt Total liabilities Stockholders' Equity Common stock, no par, 100,000 shares authorized, 35,000 and 28,000 shares issued, respectively Retained earnings: $ $ 98,000 184,000 128,000 410,000 174,000 584,000 86,000 168,000 134,000 388,000 214,000 602,000 $ $ $ $ $ 204,000 $ 156,000 Retained earnings: Beginning balance Net income for the year Dividends for the year Ending balance Total stockholders' equity Total liabilities and stockholders' equity 402,000 148,000 (90,000) $ 460,000 $ 664,000 $1,248,000 336,000 134,000 (68,000) $ 402,000 $ 558,000 $1,160,000 Required: A) Calculate Rol for 2020. B) Calculate ROE for 2020. C) Calculate working capital at December 31, 2020. D) Calculate the current ratio at December 31, 2020. E) Calculate the acid-test ratio at December 31, 2020