Problem 2 : The trial balance as of July 31, 2020, for Sara Simon, Registered Dietician, is presented below: Sara Simon, Registered Dietician Trial Balance July 31, 2020 Account title Balance Debit Credit Cash 38 000 Accounts receivable 9 000 Office supplies 2 300 Prepaid Insurance 2 400 Equipment 16 000 Accounts payable 3 000 Unearned revenue 3 912 Notes payable 31 000 Common stock 18 000 Dividends 2 800 Service revenue 17 888 Salaries expense 1 700 Rent expense 1 100 Utilities expense 500 Total $ 73 800 $ 73 800 Requirements: 1. Prepare the income statement for the month ended July 31, 2020. 2. Prepare the statement of retained earnings for the month ended July 31, 2020. The beginning balance of retained earnings was $0. 3. Prepare the balance sheet as of July 31, 2020. 4. Calculate the debt ratio as of July 31, 2020