A) Use the following partial work sheet from Matthews Lanes to prepare its income statement, statement of changes in equity and a classified statement of financial position (Assume the owner did not make any investments in the business this year.). B) Calculate the current ratio. MATTHEWS LANES Work Sheet For Year Ended June 30 Account Adjusted Trial Balance Dr. Cr. Cash.. 11.275 Accounts Receivable 1.750 Office Supplies... 800 Prepaid Insurance 3,400 Scoring Equipment... 130,000 Accumulated depreciation- Scoring 21.700 equipment..... Salaries payable... 2001 M. Matthews, Capital.. 50,000 M. Matthews, Withdrawals. 46,425 Bowling revenue............. 137,6751 Depreciation expense- Scoring 10,825 equipment. Salaries expense 1.800 Insurance expense. 200 Rent expense... 1.6001 Office supplies expense 400 Repairs expense. 350 Telephone expense. 750 Totals 209,575 209,575