The following items are taken from the financial statements of Hannah Co. for the year ending December 31, 2019: Accounts Payable 20,000 ccounts Receivable 9,000 Accumulated Depreciation 28,000 Cash 15,000 Common Stock 44,000 Cost of Goods Sold 40,000 Depreciation Expense 12,000 Dividends 14,000 Equipment 150,000 Insurance Expense 3,000 Inventory Note Payable, due 5/30/20 4,000 10,000 Prepaid Insurance 6,000 Retained Earnings 1/1/19 60,000 Salaries Expense 52,000 Sales Revenue 143,000 5 Points: Prepare traditional income statement in good form. 5 Points: Prepare a Statement of Stockholder's Equity 10 Points: Prepare a classified balance sheet Questions: 1) What is the gross profit ratio? 2) Is the company profitable? 3) Do you consider the company to be in good financial shape? 4) Is the business incorporated? 5) Has the company been in business for more than one year? How would you know