1.Using the following Balance Sheet summary information, for the two years presented calculate the working capital for 2018 and 2019 respectively:

Group of answer choices

A) $33,650, $32,350

B) $67,950, $64,550

C) $4,250, $850

D) $101,600, $97,350

2.Using the information from question 1, calculate the current ratio for 2018 and 2019 respectively:

Group of answer choices

A) 3.02, 2.97

B) 1.04, 1.02

C) .33, .34

D) 3.20, 2.79

3.Use the following Adjusted Trial Balance to prepare the four journal entries required to close the books:

Adjusted Trial Balance Debit Credit Cash $22,900 Prepaid Insurance 4,000 Fixed Assets 44,000 Notes Payable $40,000 Common Stock 25,000 Retained Earnings 48.350 Dividend 22,000 Sales Revenue 150,000 Automobile Expense 26,500 Insurance Expense 20,000 Salaries Expense 122,400 Supplies Expense 1,450 $263.350 $263,350 O Sales Revenue 150,000 Income Summary 150,000 Automobile Expense 26,500 Insurance Expense 20,000 Salaries Expense 122,500 Supplies Expense 1,450 Income Summary 170,450 Retained Earnings 20,450 Income Summary 20,450 Retained Earnings 22,000 Dividends 22,000 O Income Summary 150,000 Sales Revenue 150,000 Automobile Expense 26,500 Insurance Expense 20,000 Salaries Expense 122,500 Supplies Expense 1,450 Income Summary 170,450 Retained Earnings 20,450 Income Summary 20,450 Retained Earnings 22,000 Dividends 22,000 O Sales Revenue 150,000 Income Summary 150,000 Income Summary 170 450 Automobile Expense 26,500 Insurance Expense 20,000 Salaries Expense 122,000 Supplies Expense 1,450 Retained Earnings 20,450 Income Summary 20,450 Retained Earnings 22,000 Dividends 22,000 O Sales Revenue 150,000 Income Summary 150,000 Automobile Expense 26,500 Insurance Expense 20,000 Salaries Expense 122,500 Supplies Expense 1,450 Income Summary 170,450 Income Summary 20,450 Retained Earnings 20,450 Dividends 22,000 Retained Earnings 22,000Debit Credit Accounts Receivable Bal. 45,500 Fees Earned Revenue Bal. 60,000 Commission Expense Bal. 7,200 Supplies Expense Bal.5 500 Wages Expense Bal. 42 0DO Dividends Bal. 3,500 Retained Earnings Bal. 51,00 Fees Earned Revenue 60,000 Income Summary 60,000 Income Summary 54,700 Commission Expense 7,200 Supplies Expense 5,500 Wages Expense 42,000 Income Summary 5,300 Retained Earnings 5,300 Retained Earnings 3,500 Dividends 3,500 O Fees Earned Revenue 60,000 Income Summary 60,000 Income Summary 54,700 Commission Expense 7,200 Supplies Expense 5,500 Wages Expense 42,000 Retained Earnings 5,300 Income Summary 5,300 Retained Earnings 3,500 Dividends 3,500 Fees Earned Revenue 60,000 Income Summary 60,000 Commission Expense 7,200 Supplies Expense 5,500 Wages Expense 42,000 Income Summary 54,700 Income Summary 5,300 Retained Earnings 5,300 Retained Earnings 3,500 Dividends 3,500 O Fees Earned Revenue 60,000 Income Summary 60,000 Income Summary 54,700 Commission Expense 7,200 Supplies Expense 5,500 Wages Expense 42,000 Income Summary 5,300 Retained Earnings 5,300 Dividends 3,500 Retained Earnings 3.500Income Summary $280,000 Service Revenue $280,000 Automobile Expense $16,500 Insurance Expense 24,000 Salaries Expense 190,000 Supplies Expense 18,500 Income Summary $249,000 Income Summary $263,000 Retained Earnings $263,500 Retained Earnings $10,000 Dividends $10,000 O Income Summary $280,000 Service Revenue $280,000 Automobile Expense $16,500 Insurance Expense 24,000 Salaries Expense 190,000 Supplies Expense 18,500 Income Summary $249,000 Retained Earnings $263,000 Income Summary $263,500 Dividends $10,000 Retained Earnings $10,000 Service Revenue $280,000 Income Summary $280,000 Income Summary $249,000 Automobile Expense $16,500 Insurance Expense 24,000 Salaries Expense 190,000 Supplies Expense 18,500 Income Summary $263,000 Retained Earnings $263,500 Retained Earnings $10,000 Dividends $10,0D0 O Income Summary $280,000 Service Revenue $280,000 Automobile Expense $16,500 Insurance Expense 24,000 Salaries Expense 190,000 Supplies Expense 18,500 Income Summary $249,000 Retained Earnings $263,000 Income Summary $263,500 Dividends $10,000 Retained Earnings $10,000