You bed 19 You are a commercial loans officer at a major bank. It is February 1, 2021. 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 January 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 January 31, 2021 ASSETS Cash Accounts receivable Inventory Total Current Assets UABILITIES AND EQUITY $128,228 Accounts payable $228,280 Wages payable $42.480 Taxes payable $398,988 Total Current Liabilities $156,080 $56,480 $134,000 $346,560 Store furishings Accumulated depreciation $840,000 Long term debt ($504,000) Shareholders' equity $164,000 $224,428 $734,988 TOTAL ASSETS $734 988 TOTAL LIABILITIES AND EQUITY Income Statement Accounts Salaries expense Cost of goods sold Depreciation expense Sales revenue Utilities Office expenses Income tax rate $248,616 $710.740 $78,000 $1.244,523 $35,000 $41,727 22%