1. The records of Grade A Beef Company lists the following selected accounts for the year ended December31, 2019.

Interest Revenue	$ 900	Accounts Payable	$17,000
Merchandise Inventory	46,300	Accounts Receivable	33,500
Notes Payable, long term	47,000	Accumulated Depreciation-Equipment	36,500
Salaries Payable	2,600	Bay, Capital	41,610
Net Sales Revenue	294,000	Bay, Withdrawals	15,000
Rent Expense	24,100	Cash	7,300
Salaries Expense	7,500	Cost of goods sold	161,700
Office Supplies	5,800	Equipment	131,000
Unearned Revenue	13,800	Interest Payable	900
Interest Expense	2,300	Utilities Expense	15400
Depreciation Expense-Equipment	1,310	Delivery Expense	3,100

Requirementa:

1. Prepare a Multi- Step Income Statement using the standard format.
2. Prepare the Statement of Owners Equity.
3. A Classified Balance Sheet as at December 31, 2019.
4. Calculate:

1. The Profitability Ratio
2. The Current Ratio
3. The Debt Ratio