Q# 3. From the following information provided by ABC Company prepare Income Statement & Balance Sheet for the required Period. ABC Company Adjusted Trial Balance 31 December, 2017 Account Name Ref Debit Credit Cash $ 400,000.00 Accounts Recievable $ 30,000.00 office Suppliers $ 45,000.00 office equipments $ 15,000.00 Vehicle $ 40,000.00 Duilding $ 300,000.00 Accounts Payable $ 100,000.00 Noted Payable $ 50,000.00 Common Stock $ 500,000.00 Retained Earnings $ 20,000.00 Sales Revenues $ 700,000.00 Cost of goods sold $ 400,000.00 Salaries expenses $ 50,000.00 Rent expenses $ 20,000.00 Supplies expenses $ 10,000.00 Advertising $ 30,000.00 Insurance $ 30,000.00 Total $1,370,000.00 $1,370,000.00 Q#4. From the solution of above question calculate the following Ratio of ABC Co. a. Current Ration & b. Working Capital Ratio