Use the following information for the year ended December 31, 2022. $1,000 Prepaid insurance Operating expenses Accounts payable Accounts receivable Common stock Retained earnings (beginning) Equipment 1,000 Service revenue $18,000 Cash 15,000 Dividends Notes payable 1,000 Bonds payable 50,000 12,000 9,000 3,000 9,000 5,000 50,000 Calculate the following: (Enter loss using either a negative sign preceding t Net income /(net loss) $ Ending retained earnings $ Total liabilities $ $ Use the following data to calculate the current ratio. Cash Pretty Pet Supplies Balance Sheet December 31, 2022 $126000 Accounts payable Salaries and wages 120000 payable 210000 Note payable (due 2025) 90000 Total liabilities $165000 Accounts receivable 30000 270000 $465000 255000 Inventory Short-term investments Land (held for future use) Land Buildings Less: Accumulated depreciation 285000 $339000 Common stock $360000 (60000) 279000 Retained earnings 750000 Franchise 210000 $1110000 Total stockholders' equity Total liabilities and stockholders' equity Total assets $1575000 $1575000 Buildings Less: Accumulated depreciation (60000) 279000 Retained e Franchise 210000 Total stc equity Total stock equity Total assets $1575000 3.31:1 2.80:1 1.26:1 2.34:1