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Question B - Preparation of Financial Statements (20 marks; 35 minutes) The accountant for The Sandeep Corporation provides you with the following adiusted trial balance

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Question B - Preparation of Financial Statements (20 marks; 35 minutes) The accountant for The Sandeep Corporation provides you with the following adiusted trial balance as at December 31, 2021. The accounts are listed in alphabetic order and have normal debit or credit balances (in thousands of dollars). The company's fiscal year ends on December 31 . Required: 1. Prepare a multiple-step (classified) statement of earnings for the year ended December 31 , 2021. Omit earnings per share. ( 9 marks) 2. Prepare the liabilities and shareholders' equity section only of a classified statement of financial position as at December 31,2021 . (8 marks) 3. Compute the values of two ratios that are based on information reported in the statements that you prepared in requirements 1 and 2 and interpret the results. Round your calculations to two decimal places

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