The trial balance as of July 31, 2024 for Sally Simmons, Registered Dietician, is presented below: Sally Simmons, Registered Dietician Trial Balance July 31, 2024 Balance Account Title Debit Credit Cash $32,000 Accounts Receivable 9,100 Office Supplies 1,700 Prepaid Insurance 2,200 Equipment 23,000 Accounts Payable $1,500 Unearned Revenue 6,180 Notes Payable 27,000 Common Stock 21,000 Dividends 2,100 Service Revenue 16,820 Salaries Expense 1,300 Rent Expense 850 Utilities Expense 250 Total $72,500 $72,500. Read the Requirements. 1. Prepare the income statement for the month ended July 31, 2024. 2. Prepare the statement of retained earnings for the month ended July 31, 2024. The beginning balance of retained earnings was $0. 3. Prepare the balance sheet as of July 31, 2024. 4. Calculate the debt ratio as of July 31, 2024