use the information to anwser the questions

Marjorie Knaus Inc Income Statement For the month ended 31/01/2020 Revenue Service Revenue S 40,400.00 Total Revenue={A) S 40,400,00 Expenses Wages Expense S 1,200.00 1,300.00 Truck Expense Rent Expense Miscellaneous expense S 2,500.00 $ 2,600.00 Salaries expense S 6,000.00 Blue Print expense S 5,500.00 Supplies Expense S 1.750,00 Insurance Expense 300.00 Depreciation Expense S 325.00 Total Expenses=(B) s 21.475.00 Net Income (A)-(B) S 18,925.00 5 2) Marjorie Knaus Inc Statement of Retained Earnings For the month ended 31/01/2020 Retained Earnings Balance 0 Add: Net Income S 18,925.00 Balance on January 31st S 18,925.00 Balance Sheet For the month de 31/01/2020 s 9,025.00 Accounts Receivable $ 31,400,00 Othce Supplies s 350.00 Prepaid Insurance 5 300.00 Pretty Plant and coment Equipment S 8.000.00 Accumulated Depreciation Equipment S 100.00 s 7,900.00 Trucks S 28 500.00 Accumulated Depreciation-Trucks 225.00 S 28.275.00 Total Assets S 80,250.00 Liabilities & Stockholder's equity Current Liabilities Accounts Payable s 9.500.00 Wages Payable S 1.200,00 Total current Liabites S 10.700.00 Long term Liabilites Motor Payable SU 20.625.00 Stockholder's Equity Comenon Sock 530,000.00 Red Lang 525.00 Tartal Lisbilities & Stockholder's Eat BO.250.00 o [12 23 Marjorie Knaus Inc. Post Closing Entries Particular Debit Credit Service Revenue S 40.400.00 To Income Summary S 40,400.00 service revenue transferred to income summary account) Income Summary 21.475.00 Wages Expense s 1,200.00 Truck Expense S 1,300.00 Rent Expense S 2,500.00 Miscellaneous Expense 2,600.00 Salaries Expense 6,000.00 Blue Print expe se 5,500.00 s s S s s S Supplies Expense 1.750.00 Insurance Expense 300.00 325.00 Depreciation Expense (Expenses transferred to Income Summary Account) S Income Summary 18.925.00 18.925.00 Retained Earnings (Income transferred to Retained Earnings Marjorie Knaus Inc. Post Closing Trial Balance on January 31st 2020 Account Title & Explaination Debit Credit Cash $ 9,025.00 Accounts Receivable 31,400.00 Office Supplies S 350.00 Prepaid Insurance 3,300.00 Equipment 8,000.00 Accumulated Depreciation-Equipment S 100.00 Trucks $ 28,500.00 Accumulated Depreciation-Trucks 225.00 $ $ Accounts Payable 9,500.00 1,200.00 Wages Payable Notes Payable 20,625.00 Common Stock S 30,000.00 Retained Earnings S 18,925.00 Total 80,575.00 S 80,575.00 Use the information on the financial statements to answer the following questions: 1) Was Marjorie Knaus, Inc. profitable in January 2020? From a management persepetive, what are your thoughts about the company's financial perfromance? 2) Has the stockholders' equity grown? How does stockholder's equity grow, and is this good for the business? 3) If looking for a loan, can Marjorie Knaus, Inc. expect to get the loan? Give your reasons for your response. (Hint: Calculate some appropriate ratios, such as Current ratio, Cash Ratio, Quick ratio, Return on Assets, and Working Capital. These ratio may help.] Current Ratio Quick Ratio Cash Ratio Working Capital Return on Assets If you are looking for an investment opportunity, would you invest in Marjorie Knaus, Inc.? What specifically about the company is appealing? If Marjorie Knaus, Inc. establishes another branch of the business in Venice, Italy, what accounting standards will the company use to record the accounting activities and prepare the financial statements