The task: Tor The adjusted trial balance for Sharjah Construction as of December 31, 2015, follows. SHARJAH CONSTRUCTION Adjusted Trial Balance December 31, 2015 No. 101 Cash 104 Short-term Investments 126 Supplies 128 Prepaid insurance Account Tile Credit Debit 7.600 22,000 9,900 8,900 65.000 168 Accumulated depreciation-Equipment 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251 Long-term noteos payable 301 O. Sharjah, Capital 302 O. Sharjah, Withdrawals 401 Professional fees earned 406 Rent eamed 407 Dividends eaned 409 Interest eamed 606 Depreciation expense-Building 612 Depreciation expense-Equlpment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense $ 27,500 177,000 59,000 15,500 2,000 3,200 2,200 1,400 7,100 71,000 130,600 41,870 12,800 98.000 15,500 2,000 2,800 12,980 8,250 31,500 3,300 7,300 12,700 6,000 2,900 4,300 6,700 3,200 3.700 Totals $ 437,800 $ 437,800 O. Sharjah invested $7,500 cash in the business during year 2015 (the December 31, 2014, credit balance of the O. Sharjah, Capital account was $123,100). Sharjah Construction is required to make a $7,000 payment on its long-term notes payable during 2016. Required: Prepare the classified income statement for the calendar-year 2015. 1- 2- Prepare the statement of retained earnings & the statement of changes in equity for the calendar-year 2015. 3- Prepare the classified statement of financial position at December 31, 2015. (Be sure to list the assets and liabilities in order of their liquidity). 4- Prepare the necessary closing entries at December 31, 2015. 5Use the information in the financial statements to compute the following ratios: a) Current ratio, b) Debt to assets ratio, and c) Times interest earned ratio