The following accounts were taken from the records of Beta Co. on the year end (December 31, 2017) after adjusting entries being recorded and posted; all accounts have normal balances S 5,200 6,400 8,300 18,700 5,400 24,800 15,000 4,300 1,000 1,980 720 1,000 400 5,700 2,400 1,000 3,600 8,000 16,500 2,500 Account pavables Account receivables Cost of goods sold Capital stock Cash Sales Revenue Land Salaries expense Salaries pavable Interest expense Utilities expense Income lax EXpense Income Tax Payable Investment (long-term) in ZYX, Inc shares Depreciation Expense-Equipment Sales Discounts Accumulated Depreciation-Equipment Inventory Bonds Payable (Due in ten years) Retained Earnings (January 1, 2017) Dividends Equipment 12,000 Additional information Total assets (end of the year) Total assets (beginning of the year) 47,100 Number of share outstanding during the year is 5,100. No new shares were issued during the year. The stock was selling at $10 per share at the year end. No additional entries are required. REQUIREMENT: (Show your detailed work) (a) Prepare Classified Balance Sheet, Multiple-Step Income Statement and Statement of Retained Earnings using the proper format and all the required accounting conventions (b) Prepare the closing entries for Beta. (c) Calculate the ratios (listed in the chapter 14 comments) for Beta's profitability, liquidity and credit risk /solvency