Taylor Machine Shop has the following balance sheet. Compute the working capital, current ratio, and quick ratio. Create Taylor Machine Shops income statement from the following account entries: Selling Expense = $5,000, Sales Revenue = $40,000, Cost of Goods Sold = $23,000 and Income Taxes = $4,800.

Ullic Staten ii lHe lowing account entries. Selling Expense = $5,000, Sales Revenue = $40,000, Cost of Go Id= $23,000 and Income Taxes $4,800. Balance Sheet Current Assets Income Statement Sales Revenue Current Liabilities Cash$ Acc, Rec$3,750 Notes Pay $1.125Cost of Goods Sold Tnventories $1050 Accrued Exp $900 S7,200 Acc Pay $2.925 Expenses Selling Expense Earnings before Taxes Less Taxes Net income= Total Cur Ass. Total Cur lib $5,000 Land Plant & Eqlil 1-1. $5,650: LTNote Ace Dept ($2.000) Owner Equity Net Pl & Eg$8,650Retained Earn $7,900 $6,850 | Total Assets Total Lib & Ea Working Capital = untent Ratio Quick Ratio T.Ekol, Inc, has the following fixed cost, variable cost/unit, and income/unit. Determine t breakeven quantity of production units