Wisdom Learning is an e-learning business that specialises in providing online learning resources in accounting, economics, and marketing management. The adjusted trial balance of Wisdom Learning as at 30 June 2019 as follows. Debit Credits Cash at Bank 17200 Accounts Receivable 39001 Office Supplies 900 Prepaid Rent 3000 Equipment 60000 Accumulated Depreciation - Equipment 300 Furniture 27000 Accumulated Depreciation - Furniture 450 Accounts Payable 12300 Salary Payable 1350 Interest Payable Unearned Service Revenue 2400 Loan Payable 60000 Owner's, Capital 4800 Owner's, Drawings 1500 Service Revenue 39600 Rent Expense 2100 Salary Expense 4700 Supplies Expense 150 Depreciation Expense - Building 300 Depreciation Expense - Furniture 450 Interest Expense 150 121350 121350 150 Required: a) Prepare Wisdom Learning's Income Statement for the year ended 30 June 2019. (8 Marks) b) Prepare Wisdom Learning's Statement of Changes in Equity for the year ended 30 June 2019. (4 Marks) c) Calculate Wisdom Learning's Profit Margin and Return on Assets ratios (the total assets at 30 June 2018 was $109000). (Show all calculations, Round off the answers to the nearest 2 decimal places) (2 Marks) d) () Calculate Wisdom Learning's Current ratio and the Debt-to-total assets ratio at 30 June 2019. (Show all calculations, Round off the answers to the nearest 2 decimal places) (2 Marks) () Discuss Wisdom Learning's liquidity and solvency positions at 30 June 2019 as compared to 2018 (the Current ratio was 1.65:1 and the Debt-to-total assets ratio was 54.75% at 30 June 2018). (4 Marks) (Total 20 Marks)