Tywin's General Store is located in the Skye Shopping Mall. At the end of the company's fiscal year on December 31, 2018, the following accounts appeared in its adjusted trial balance. Accounts Payable.. Accounts Receivable.. Accumulated Depreciation-Buildings...... Accumulated Depreciation-Equipment... Buildings.... Cash...... Common Stock... $ 109,950 68,250 78,750 63,900 285,000 40,500 210,000 Cost of Goods Sold... 618,000 Depreciation Expense. 35,100 Dividends... 22,500 Equipment... 150,000 Gain on Disposal of Plant Assets.. 6,450 Income Tax Expense... 22,500 Insurance Expense... 12,600 Interest Expense.... 10,500 Interest Payable... 3,000 Inventory.... 64,500 Mortgage Payable. 93,750 Prepaid Insurance... ...3,600 Maintenance and Repairs Expense. 9,300 Retained Earnings... 28,800 Salaries and Wages Expense... 166,500 Sales Revenue....... 939,000 Salaries and Wages Payable.. Sales Returns and Allowances.. Supplies..... Utilities Expense... 5,250 12,000 1,500 16,500 Page 2 Question 1 (cont'd) Additional information: A count of supplies on hand revealed that the company had $750 on hand. The prepaid insurance is for a 2 year policy purchased on January 1, 2018. No adjustments had been previously made to prepaid insurance. Utilities outstanding and unpaid as at December 31", total $2,250. $30,000 of the mortgage payable is due for payment next year. Required: a) Prepare a multiple-step income statement for the year ended December 31, 2018. (10 marks) b) Prepare a retained earnings statement for the year ended December 31, 2018. (5 marks) c) Prepare a classified balance sheet as at December 31, 2018. (10 marks) d) Tywin's closest competitor has a current ratio of 1.5:1. Calculate Tywin's current ratio and working capital and briefly comment on the firm's liquidity as compared to the competitor. (5 marks)