The following accounts were taken from the records of Beta Co. on the year end (December 31, 2010) after adjusting entries being recorded and posted; all accounts have nomal balances Account payables Account receivables Cost of goods sold Capital stock Cash Sales Revenue Land Salaries expense Salaries payable Interest expense S 5,200 6,400 8,300 18,700 5,400 24,800 15,000 4,300 1,400 1,980 720 5,700 2,400 1,000 3,600 8,000 16,500 2,500 expens Investment (long-tem) in ZYX, Inc shares Depreciation Expense-Equipment Sales Discounts Accumulated Depreciation-Equipment Inventory Bonds Payable Retained Eamings Additional infomation: Total assets (end of the year) Total assets (beginning of the year) 48,900 47,100 Number of share outstanding during the year is 6,100. 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 Income Statement and Statement of Retained Eamings using the proper fomat and all the required accounting conventions. (b) Prepare the closing entries for Beta. (c) Calculate the ratios for Beta's profitability, liquidity and credit risk /solvency Current Ratio / Quick Ratio / Debt Ratio / Eaming Per Share Price-Eamings Ratio / Retum on Investment /Retum on Assets /Retum on Equity / Dividend Yield / Interest Coverage Ratio / Inventory Tumover Rate