Required: 1- Prepare all the necessary journal entries at the end of the year, excluding dosing entries. Omit narratives. marks) To help you de IS and BS, create Tats on your scrap paper. No need to submit T accounts. 2- Prepare in good form and proper style a multi-step income statement for the year ended December 31, 2021. marks) 3- Prepare in good form and proper style a classified balance sheet as a December 31, 2021. (13 Marks) 4 Calculate the following three ratios and explain what they mean: Net profit margin ratio b. Debt-to-Equity ratio c. Accounts receivable turnover ratio. Assume that accounts receivable balance December 31, 2005 was $360,000 (6 Marks) Question 2.36 mark) USE TIMES ROMAN 11 Debits should be above credits otherwise marks are deducted Letter Entries DR CR Add lines where necessary skip line between a b c g