Question: 1. Compute Sparrow's current ratio. (Round to two decimal places.) 2. Prepare the income statement for the year ended March 31, 2022. 3. Journalize the

1. Compute Sparrow's current ratio. (Round to two decimal places.)

2. Prepare the income statement for the year ended March 31, 2022.

3. Journalize the earning of service revenue: $54,000 on account and $37,000 in cash.

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