The following data on several transactions of ABC company for 2017 is available below. A company manufactured 20000 units of output, but sold only 15000 units. There was no beginning inventory. . . Sales revenue was 900 mln RUB, 60 mln of which led to the increase in accounts receivable in 2017. Direct materials costs and manufacturing processing costs taken together were 390 mln RUB, while direct labor costs were 30 mln RUB. ABC received dividends on the stocks of another company that ABC owns in the amount of 2 mln RUB. ABC purchased a building in the amount of 3 mln RUB. Selling and general expenses were 30 mln RUB and 80 mln RUB respectively. They were paid in the amount of 90% in 2017. ABC accrued 9% interest on the long-term loan (300 mln RUB) available at the beginning of the year in 2017. ABC sold bonds of XYZ company for 14 mln RUB. Their book value was 10 mln RUB. The payment was received in 2018. ABC paid off a long-term loan in the amount of 100 mln RUB. Income tax rate was 20%. . . Balance sheet data as of December, 31, 2017 (in mln RUB) is also available. Long-term investments 100; PPE (net value) 250; inventory 140; accounts receivable 400; cash 70; retained earnings 280; long-term loans 400; accounts payable 260; common stock 20. Required: Prepare income statement of ABC company for 2017 (indicate all the lines) Determine the type of financial solvency position of ABC company at the end of 2017. Show calculations. Compute current ratio and equity ratio of ABC company at the end of 2017. Indicate if they correspond to recommended values. The following data on several transactions of ABC company for 2017 is available below. A company manufactured 20000 units of output, but sold only 15000 units. There was no beginning inventory. . . Sales revenue was 900 mln RUB, 60 mln of which led to the increase in accounts receivable in 2017. Direct materials costs and manufacturing processing costs taken together were 390 mln RUB, while direct labor costs were 30 mln RUB. ABC received dividends on the stocks of another company that ABC owns in the amount of 2 mln RUB. ABC purchased a building in the amount of 3 mln RUB. Selling and general expenses were 30 mln RUB and 80 mln RUB respectively. They were paid in the amount of 90% in 2017. ABC accrued 9% interest on the long-term loan (300 mln RUB) available at the beginning of the year in 2017. ABC sold bonds of XYZ company for 14 mln RUB. Their book value was 10 mln RUB. The payment was received in 2018. ABC paid off a long-term loan in the amount of 100 mln RUB. Income tax rate was 20%. . . Balance sheet data as of December, 31, 2017 (in mln RUB) is also available. Long-term investments 100; PPE (net value) 250; inventory 140; accounts receivable 400; cash 70; retained earnings 280; long-term loans 400; accounts payable 260; common stock 20. Required: Prepare income statement of ABC company for 2017 (indicate all the lines) Determine the type of financial solvency position of ABC company at the end of 2017. Show calculations. Compute current ratio and equity ratio of ABC company at the end of 2017. Indicate if they correspond to recommended values