The following items are taken from the financial statements of Grove Company for 2017: Accounts Payable Accounts Receivable Accumulated Depreciation Bonds Payable Cash Common Stock Cost of Goods Sold Depreciation Expense Dividends Equipment Interest Expense Patents $18,500 4,000 4,800 18,000 24,000 25,000 17,000 4,800 5,300 44,000 2,500 7,500 Retained Earnings, January 1 16,000 5,200 36,500 4,500 Salaries Expense Sales Revenue Supplies Instructions (a) Prepare an Income Statement, Statement of Retained Earnings and a Classified Balance Sheet for Grove Company (b) Compute the following ratios and values: 1. Current ratio 2. Debt to total assets ratio 3. Working capital 4. Earnings per share (Grove's average number of shares outstanding during the year was 5,000.)