The following items are taken from the financial statements of Trump Company for 2017: Accounts payable $ 10,000 Accounts receivable 11,000 Accumulated depreciationequipment 33,000 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 2020} 70,000 Prepaid insurance 6,000 Flent 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 Instructions: (a) Calculate the net income. (b) Calculate the retained earnings balance that would appear on a balance sheet at December 31, 2017 (c) Prepare a classied balanCe sheet for Tracy Company at Booember 31 , 2017 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 2017 was 10,000