Q1; (40 Marks) A: from the below accounts, prepare Delmon company's Balance sheet as at 31/12/2019. (15 marks) Assets Marketable securities 3600. Acc. Receivable 10,050. Inventory 21,000. Total current assets 42,150, Land & Building 11,500. Machinery 39,000, Furniture 15,245. Total Fixed assets 65,745 Accumulated depreciation (27,500), Net Fixed Assets 38245 Total Assets? Cash 7,500 Liabilities and Stockholders' Equity Total current Liabilities 27,500 Long Term Debt 17,105 Total Liability 44,605 Common stock equity (shares outstanding 10,500 in 2012) Equity $ 25,100 Retained Earnings 10,690 Accounts payable 18,500 Notes payable 6500 Accruals 2500 Total stockholders' equity 35790 Total liabilities & stockholders' equity 80395 B. From the below given accounts, prepare Delmont company's income statement for the year ending 31/12/2019. (10 marks) Cost of goods sold 460,000, gross profit 14,0000, sale revenue (?), tax 27,100, Net profit before tax 70000, operating profit 80,000 Interest expenses 100,000 total operating expenses 60,000, depreciation expenses 30,000, general and administrative expenses 30,000. C. (15 marks) Using the above Balance sheet and Income statement accounts, calculate the below ratios with interpretation for Delmont company. (15 marks) 3 marks each 1-Debt Ratio 2. Total assets turnovers 3- Quick ratio 4- Average collection period 5. Current ratio