Question 1: The following information and ratlos or XYZ Lad related to the year ended December 31, 2012. 1. Accountia Laformation Gross Profit 15. of Sales Net profit of Sales Inventory to sales 59% Average collection Period 60 days Salaran Credit 2. Financial Ratio Fixed Assets to Sales 11.3 Fixed Assets to Current Assets 11896 Current ratio Long-term loans to current liabilities Capital to Retilined camins 25% If the value of fixed assets of December 31, 2019 amounted to $2,600,000, prepare a summarized income statement for the year ended December 31, 2019 and Balance sheet as of December 1, 2019. Question 2: Second Question in your own words, explain in detail the Credit Scoring System launched by PMATIOpts