You are a commercial loans officer at a major bank. It is January 1, 2022. Valentine Chocolate Shop, located in Regina, has approached you with a request for a loan. The company manager brought in a balance sheet and a listing of income statement account balances. The company's year-end is December 31. Prepare a report for your manager with the following: a. Complete an income statement in proper format. b. Is this a low or high risk loan? C. Provide financial analysis on the balance sheet (ratios) d. Discuss any non-financial factors you may think are important. e. Recommend whether to provide the loan and why? Valentine Chocolate Shop Balance Sheet As of December 31, 2021 ASSETS Cash Accounts receivable Inventory Total Current Assets LIABILITIES AND EQUITY $88,228 Accounts payable $48,280 Wages payable $162.480 Taxes payable $298.988 Total Current Liabilities $56,080 $46,480 $84.000 $186,560 Store furnishings Accumulated depreciation TOTAL ASSETS $184,000 $234,428 $630,000 Long term debt ($324,000) Shareholders' equity 5604.988 TOTAL LIABILITIES AND EQUITY 5404.988 Income Statement Accounts Salaries expense Cost of goods sold Depreciation expense Sales revenue Seling expenses Office expenses Income tax rate $48.616 $460,740 $78,000 $784,523 $45,000 $51,728 25%