PROBLEM# 1 OUTDOORS, INC Adjusted Trial Balance December 31, 2019 Debit(S) Credit(S) Cash 12,400 Accounts receivable 18,600 Supplies 4,200 2,930 Prepaid Insurance Office Equipment 70,000 Accumulated depreciation 13,000 80,000 Building Accumulated depreciation 20,000 60,000 Land Bonds Payable 120,000 Accounts payable 17,100 Unearned subscription revenue 10,000 Salaried Payable 3,500 Common Stock 35,000 Retained Earnings 21,400 194,700 Subscription Revenue Advertising Revenue 39,300 Salaries Expense 125,410 Printing and mailing expense 80,800 Rent Expense 4,100 6,600 Supplies Expense Insurance Expense 1,860 Depreciation Expense 5,600 Income Tax Expense 1,500 $474,000 $474,000 Totals INSTRUCTIONS: Make an income statement, statement of retained earnings and a balance sheet. Your answer should also include the following financial ratios: A)Profit Margin B) Current ratio C) Working Capital D) Assets Turnover E) Fixed Assets Turnover F) A/R Turnover G) Debt Ratio