Question: Can someone solve this? 1-5A - More Complex Financial Statements (Net Loss and Share Issuance) On Time Delivery Service is attempting to disrupt the package

 Can someone solve this? 1-5A - More Complex Financial Statements (Net

Can someone solve this?

1-5A - More Complex Financial Statements (Net Loss and Share Issuance) On Time Delivery Service is attempting to disrupt the package delivery industry. The company allows customers to use an app to track the exact location of their package at all times (with packages very accurately. The company has taken on a round of venture capital investment in its the most recent year. The following account balances relate to the company's December 31, 2024 year-end financial statements: Depreciation expense 24,000 Accumulated depreciation - equipment 61,000 Wages expense 230,000 Accumulated depreciation - computers Common shares (Jan 1, 2024) 10,000 Accounts receivable Supplies expense 15,000 Supplies Interest expense 9,000 Insurance expense 140,000 Income tax refund (negative expense) 7,000 Bank loan payable 260,000 Computers Delivery revenue Delivery equipment 215,000 Dividends 94,000 Retained earnings (Jan 1, 2024) Cash Accounts payable Interest payable 42,000 17,000 6,000 12,000 168,000 10,000 184,000 8,000 18,000 Notes: The company issued $250,000 of common shares during the year. There were no shares repurchased during the year. The current portion of the bank loan payable was $30,000. . Required: a.) Prepare an income statement for the year ended December 31, 2024. b.) Prepare a statement of changes in equity for the year ended December 31, 2024. c.) Prepare a balance sheet as at December 31, 2024. d.) Based on your financial statements, compute: i. The current ratio ii. The debt ratio iii. The equity ratio 12

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