These financial statement items are for Wildhorse Co. at year-end, July 31, 2017.

Salaries and wages payable		$ 3,880
Salaries and wages expense		59,200
Supplies expense		17,000
Equipment		20,300
Accounts payable		4,100
Service revenue		67,800
Rent revenue		9,900
Notes payable (due in 2020)		2,900
Common stock		16,000
Cash		30,900
Accounts receivable		10,880
Accumulated depreciationequipment		7,600
Dividends		4,000
Depreciation expense		5,600
Retained earnings (beginning of the year)		35,700

Prepare an income statement for the year. Wildhorse Co. did not issue any new stock during the year.

Prepare a retained earnings statement for the year. Wildhorse Co. did not issue any new stock during the year.

Prepare a classified balance sheet at July 31. (List current assets in order of liquidity.) Liabilities and Stockholders' Equity

Compute the current ratio and debt to assets ratio