quick please and all requirements thank you

Smith Corporation Adjusted Trial Balance Equipment 36,800 Accumulated depreciation-equipment Accounts payable Interest payable Unearned service revenue Income tax payable Note payable Common stock Retained earnings Dividends 8,000 Service revenue 86,800 Depreciation expense-equipment Salary expense Rent expense Interest expense Insurance expense Supplies expense Income tax expense Total Requirements 1. Prepare Smith Corporation's 2021 single-step income statement, statement of retained earnings, and balance sheet. 2. Smith's lenders require that the company maintain a debt ratio no higher than 0.50. Calculate Smith's debt ratio at October 31,2021 , to determine whether the company is in compliance with this debt restriction. If not, suggest a way that Smith could have avoided this difficult situation