In Calgary, Snowy Village, Inc. debuts its first ice cream shop in January 2022. For its shareholders and other external stakeholders, it creates quarterly financial statements. The Snowy Village unadjusted trial balance for the second quarter of its first year of operation is shown below (April 1- June 30, 2022).

A sentence outlines how you feel the company performed and how its finances were doing for the three months ending June 30, 2022. In your evaluation, state whether: 1) is the business profitable? 2)it is able to pay its current obligations/liabilities 3)its assets are financed more by debts or equity You may state any other insights on the companys financial statements. Justify your evaluation and support your discussion with relevant calculations or ratios.

Unadjusted Trial Balance At June 30, 2022