Problem 8 (Ratio Analysis): The following ratios and other data to the financial statements of Baguio Corporation for the year ended December 31, 2021. Current ratio at year-end 1.75 to 1 Quick Ratio 1.27 to 1 Working Capital P 33,000 Fixed assets to shareholders' equity ratio 0.625 to 1 Inventory turnover (based on cost of ending inventory) 4 times Gross profit percentage 40% Earnings per share P0.50 Average age of outstanding accounts receivable (based on calendar year of 365 days) 73 days Capital shares outstanding 20,000 no par value shares Earnings for the year as a percentage of capital shares 25% The company has no prepaid expenses, deferred charges, intangible assets, or long-term liabilities. Required: Reconstruct in as much detail as is possible, the company's statement of financial position and income statement for the year ended December 31, 2021