The summary financial statements of Langford Landscaping Ltd. on December 31, 2023, are as follows: LANGFORD LANDSCAPING LTD. Balance Sheet, December 31, 2023 The following errors were made by the inexperienced accountant on December 31, 2022 and were not yet corrected. 1. The inventory was overstated by $13,000. 2. A 2023 expense of $2,400, prepaid in 2022 , was omitted (not recognized) in 2023 . It was fully expensed in 2022. 3. Accrued revenue of $2,500 was omitted. (It was recognized as revenue when cash was received in 2023.) 4. A supplier's invoice for $1,700 for purchases made and received in 2022 was not recorded until 2023. On December 31, 2023, there were further errors: 5. The inventory was understated by $17,000. 6. A prepaid expense of $750 was omitted (not recognized as a prepaid asset but was fully expensed in 2023). 7. Accrued December 2023 salaries of $1,800 were not recognized. 8. Unearned revenue of $2,300 was recorded in 2023's revenue. 9. In addition, it was determined that $20,000 of the accounts payable were long-term, and that a $500 dividend declared was reported as dividend expense and deducted in calculating net income. The net income reported on the books for 2023 was $53,000. Instructions (a) Calculate the working capital, current ratio, and debt-to-equity ratio for Langford Landscaping Ltd. based on the original balance sheet information provided above. (b) Calculate the corrected net income for 2023. (c) Prepare a corrected balance sheet at December 31, 2023. (d) Using the corrected data, recalculate the ratios in part (a). Explain the resulting differences in the ratios as a result of the use of the corrected data