The adjusted trial balance for Tybalt Construction as of December 31, 2017. Follow UTC pection TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2017 No. 101 Debit 104 126 128 167 168 173 174 $ 5.000 23.000 8,100 7.000 40.000 183 150,000 55.000 Account Title Cash Short term investments Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Building Accumulated depreciation Building Land Accounts payable Interest payable Rent payable Wages payable Property taxes parete Uneamed professione Long-term notes 0. Tybalt, Capital 0. Tybalt. With Professionales Rent earned Dividends earned Interesteamed Depreciation expense-Blog Depreciation expenses Wages expense Interest expense Insurance expense Rent expense 30 250 1500 2.500 201 203 208 210 213 233 251 301 302 401 406 407 409 606 612 623 633 637 7500 13.000 14.000 2.100 640 652 682 683 684 688 690 Supplies expense Postage expense Property taxes expense Repairs expense Telephone expense Utilities expense Totals 11.000 6,000 32,000 5.100 10,000 13.400 7.400 4.200 5.000 8.900 3.200 4600 $411.900 $411900 0. Tybalt invested $5,000 cash in the business during year 2017 (the December 31, 2016, credit balance of the O. Tybalt, Capital account was $121,400). Tybalt Construction is required to make a $7,000 pay- ment on its long-term notes payable during 2018. Required 1. Prepare the income statement and the statement of owner's equity for the calendar year 2017 and the classified balance sheet at December 31, 2017. 2. Prepare the necessary closing entries at December 31, 2017 3. Use the information in the financial statements to compute these ratios: (a) return on assets (total as- sets at December 31, 2016, was $200,000). (b) debt ratio, (c) profit margin ratio (use total revenues as the denominator), and (d) current ratio. Round ratios to three decimals for parts a and c, and to two decimals for parts b and d. ucks