These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new stock during the year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) CULLUMBER COMPANY Income Statement CULLUMBER COMPANY Income Statement $ Prepare a retained earnings statement for the year. Cullumber Company did not issue any new stock during the year CULLUMBER COMPANY Retained Earnings Statement Retained Earnings, August 1, 2021 $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity I Compute the current ratio and debt to assets ratio. (Round answers to 1 decimal place, eg. 15.2.) Current ratio :1 Debt to assets ratio %