Q2. Suppose a bank reports that its net income for the current year is $51 million, its assets total $1,144 million, and its liabilities amount to $926 million. What is its return on equity capital? Is the ROE you have calculated good or bad? What information do you need to answer this last question? Identify the accounts to be debited and credited as a result of the following transaction: "Purchased equipment on account for $1,200" Cash is debited, Service Revenue is credited Equipment is debited, Accounts Payable is credited Cash is debited, Accounts Payable is credited Equipment is debited, Cash is credited