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The following are the accounts of Kiz Company for the year ended December 31. They are presented in the table below in random order: Wages

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The following are the accounts of Kiz Company for the year ended December 31. They are presented in the table below in random order: Wages expense Short-term notes payable Accumulated depreciation - building Dividends Salaries expense Common shares, January 1, 2020 Income tax expense Prepaid insurance Interest expense Retained earnings, January 1, 2020 Cash Management revenue Accounts receivable Accounts payable Bank loan payable Building Advertising expense Depreciation expense Insurance expense Unearned management revenue Short-term notes receivable Maintenance expense 125,000 20,000 195,000 30,000 200,000 5,000 90,000 60,000 10,000 320,000 285,000 940,000 35,000 55,000 405,000 940,000 125,000 35,000 80,000 105,000 10,000 20,000 Notes: There were no common shares issued or repurchased during the year. The current portion of the bank loan payable was: 68,000 The following are the accounts of KJZ Company for the year ended December 31. They are presented in the table below in random order: Wages expense Short-term notes payable Accumulated depreciation - building Dividends Salaries expense Common shares, January 1, 2020 Income tax expense Prepaid insurance Interest expense Retained earnings, January 1, 2020 Cash Management revenue Accounts receivable Accounts payable Bank loan payable Building Advertising expense Depreciation expense Insurance expense Unearned management revenue Short-term notes receivable Maintenance expense 125,000 20,000 195,000 30,000 200,000 5,000 90,000 60,000 10,000 320,000 285,000 940,000 35,000 55,000 405,000 940,000 125,000 35,000 80,000 105,000 10,000 20,000 Notes: There were no common shares issued or repurchased during the year. The current portion of the bank loan payable was: 68,000 REQUIRED Based on the information above, prepare the following financial statements IN GOOD FORM: a.) An income statement for the year ended December 31, 2020. b.) A statement of changes in equity for the year ended December 31, 2020. c.) A balance sheet as at December 31, 2020. Based on your balance sheet: d.) Compute the Debt ratio

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