The following items are taken from the financial statements of Maroon Company for 2020:

Accounts payable $ 10,000

Accounts receivable 11,000

Accumulated depreciationequipment 38,000

Advertising expense 21,000

Cash 14,000

Common stock 90,000

Depreciation expense 12,000

Dividends 15,000

Equipment 210,000

Insurance expense 3,000

Notes payable (due 2023) 70,000

Prepaid insurance 6,000

Rent expense 17,000

Retained earnings (beginning) 12,000

Salaries and wages expense 34,000

Salaries and wages payable 3,000

Service revenue 130,000

Supplies 4,000

Supplies expense 6,000

Required

A.Prepare in good form an Income statement

B.Prepare in good form a Statement of retained earnings

C.Prepare a Classified balance sheet for Maroon Company at December 31, 2020, assuming the note payable is a long-term liability

D.Compute the current ratio, debt to assets ratio, and earnings per share value. The average number of shares outstanding for 2020 was 10,000

+ -AO- ES 15. Mathe Ace Abo F AA Question 1 (17 marks The following items are taken from the financial statements of Meroon Company for 20201 Apie $ 600 AC 11.000 Acondo 38000 71.000 Cinch 14.000 COS 000 Dono 13 000 Dis 15.00 Eumont 210,000 Suspense 3DOO Nation mo Prep 8000 Harit 17.000 Hanggang 120 Sada 34 DOO Sandbe 3000 1300M B 4000 Baper DOO Required -> Prepare in good form an income statement b) Prepare in good form a statement of retained eaming c) Prepare a Classified balance sheet for Maroon Company December 31, 2020, assuming the note payable is a long-term ability Compute the current ratio, debt to assets ratio and earnings per share value The average number of res outstanding for 2020 was 10,000 un e