Information for Problem #1 and Problem #2 Yellowjackets Athletics Supply is a sole proprietorship specializing in sports equipment based in New Jersey. The owners, Shuana and Jackie, have provided the following account information for the year- ended December 31, 2024 prior to preparing the financial statements and closing the accounts. Account Title $ Balance Account Title $ Balance Accounts Payable 17,100 Interest Income 1,200 Accounts Receivable 39,100 Interest Payable 4,800 Accumulated Depreciation 42,500 Supplies 6,400 Cash 7,800 Inventory 34,600 COGS 125,000 Notes Payable (due in 7 years) 150,000 Contributed Capital 100,000 Prepaid Rent (3 months) 27,900 Depreciation Expense 12,300 Rent Expense 103,500 Dividends 6.100 Retained Earnings* (Dec. 31) 52,100 Equipment 270,600 Service Revenue 430,800 Income Tax Expense 2,900 Supplies Expense 26,700 Income Tax Payable 1,300 Wages Expense 131,000 Interest Expense 21,300 Wages Payable 12,400 *this is the R/E balance PRIOR to closing the accounts and preparing the financial statements Problem #1 - 10 Points 1) Using the account information for Yellowjackets Athletic Supply above, prepare a trial balance in good form (including heading, overall formatting, and proper ordering of accounts). Assume all account balances have normal balances. Make sure to complete Problem #1 before Problem #2. 7 points. In addition to preparing your trial balance, please also provide (list) 3 distinct characteristics that would help a user distinguish between your Trial Balance and a proper Balance Sheet. 3 points.Now that you have prepared your trial balance for Yellowjackets Athletic Supply in Problem #3, prepare the following statements using good form (including appropriate headings). Note that a statement of cashflows is not required. 1) Single-Step Income Statement. points. 2) Statement of Retained Earnings. 4 points. 3) Balance Sheet. 12 points. Please also prepare the following ratios, showing your final answers (rounded to two decimals places, if applicable), as well as the equations used: 1) Working Capital. 2 points. 2) Current Ratio. 2 points. 3) Net Profit Margin. 2 points