The adjusted trial balance of Wong Consulting Services is as follows:

WONG CONSULTING SERVICES Adjusted Trial Balance December 31, 2021
		Debit		Credit
Cash		$2,800
Accounts receivable		1,200
Prepaid insurance		910
Supplies		170
Furniture		13,700
Accumulated depreciation – furniture				$1,100
Accounts payable				680
Salaries payable				570
Interest payable				33
Unearned revenue				200
Notes payable, due 2026				3,100
V. Wong, capital				4,900
V. Wong, drawings		8,500
Service revenue				30,237
Rent revenue				560
Depreciation expense		500
Insurance expense		740
Interest expense		120
Rent expense		2,000
Repairs expense		300
Salaries expense		9,100
Supplies expense		870
Utilities expense		470
		$41,380		$41,380

During the year, the owner V. Wong invested $1,200 in the business.

Prepare an income statement for Wong Consulting Services.

WONG CONSULTING SERVICES
Income Statement
December 31, 2021Month Ended December 31, 2021Year Ended December 31, 2021

WONG CONSULTING SERVICES
Statement of Owner's Equity
Year Ended December 31, 2021Month Ended December 31, 2021December 31, 2021

WONG CONSULTING SERVICES Balance Sheet December 31, 2021Month Ended December 31, 2021Year Ended December 31, 2021
Assets
					$
			$
					$
Liabilities and Owner's Equity

Calculate the current ratio and the acid-test ratio for Wong Consulting Services. (Round answers to 1 decimal place, e.g. 1.7:1)

Current ratio		: 1
Acid-test ratio		: 1