Transcribed image text: Mini Case Analysis For December 31, 2014, the balance sheet of the ABC Corporation is as follows: Balance Sheet Current Assets Liabilities Cash $ 10,000 Accounts payable.... $ 12,000 Accounts receivable 15,000 Notes payable 20,000 Inventory.. 25,000 Bonds peynble.. 50,000 Prepaid expenses.. 12,000 Capital Assets Shareholders' Equity Plant and equipment... 250,000 Common stock 75,000 Acc. amortization..... 50,000 Retained camnings.. 105,000 Net plant and equipment 200,000 Total assets... $262,000 Total Minbilities and shareholders' equity.... $262.000 Sales for 2015 were $220,000, with cost of goods sold being 60 percent of sales. Amortization expense was 10 percent of plant and equipment (net) at the beginning of the year. Interest expense for the bonds payable was 8 percent, while interest on the notes payable was 10 percent. These are based on December 31, 2014, balances. Selling and administrative expenses were $22,000, and the tax rate averaged 18 percent. During 2015, the cash balance and prepaid expense balance were unchanged. Accounts receivable and inventory each increased by 10 percent, and accounts payable increased by 25 percent. A new machine was purchased on December 31, 2015, at a cost of $35,000. A cash dividend of $12,800 was paid to common shareholders at the end of 2015. Also, notes payable increased by $6,000 and bonds payable decreased by $10,000. The common stock account did not change. The number of shares issued by the company are 100,000. a. Prepare an income statement for 2015 b. Prepare a balance sheet as of December 31, 2015. Calculate quick ratio, equity multiplier, book value of the share, capital asset (net) turnover ratio, inventory turnover for 2015