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Problem 2: The following information is obtained from the financial records of Weekend Corporation for the year ended December 31, 2020: Accounts Payable Accounts Receivable Allowance for Bad Debt Cash Common Stock (55 Par Value) Common Stock-Additional Paid-in Capital Current Portion of Long-Term Debt Interest Payable Marketable Securities Merchandise Inventory Mortgage Payable Notes Payable Notes Payable (Due in 2024) Notes Receivable Notes Receivable (Due in 2023) Prepaid Insurance Prepaid Rent Assets Accumulated Depreciation-Plant Assets Salaries Payable Supplies Taxes Payable Unearned Revenue 2020 Net Income was 480,000. 180,000 320,000 20,000 225,000 600,000 150,000 30,000 12,000 135,000 230,000 125,000 30,000 50,000 38,000 40,000 2,000 4,000 800,000 240,000 13,000 10,000 12,000 8,000 Plant REQUIRED: Calculate (1) The Current Ratio (2) The Quick Ratio and (II) Earnings Per Share Please show all work neatly