naps Talent Learning is an e-learning business that specialises in providing online learning resources in accounting, economics, and marketing management. The adjusted trial balance of Talent Learning as at 30 June 2019 as follows. Debit $ Credit $ 12800 Cash at Bank 2600 Accounts Receivable 600 Office Supplies Prepaid Rent 2000 Equipment 40000 Accumulated Depreciation - Equipment 200 Furniture 18000 Accumulated Depreciation - Furniture 300 Accounts Payable 8200 Salary Payable 900 Interest Payable 100 Unearned Service Revenue 1600 Loan Payable 40000 Owner's, Capital 12000 Owner's, Drawings 1000 Service Revenue 17600 Rent Expense 1400 Salary Expense 1800 Supplies Expense 100 Depreciation Expense - Building 200 Depreciation Expense - Furniture 300 Interest Expense 100 80900 80900 100 Supplies Expense Depreciation Expense - Building Depreciation Expense - Furniture Interest Expense 200 300 100 80900 80900 Required: a) Prepare Talent Learning's Income Statement for the year ended 30 June 2019. (8 Marks) b) Prepare Talent Learning's Statement of Changes in Equity for the year ended 30 June 2019. (4 Marks) c) Calculate Talent Learning's Profit Margin and Return on Assets ratios (the total assets at 30 June 2018 was $71,000) (Show all calculations, Round off the answers to the nearest 2 decimal places). (2 Marks) d) () Calculate Talent Learning's Current ratio and the Debt-to-total assets ratio at 30 June 2019. (Show all calculations, Round off the answers to the nearest 2 decimal places). (2 Marks) (1) Discuss Talent Learning's liquidity and solvency positions at 30 June 2019 as compared to 2018 (the Current ratio was 1.81:1 and the Debt-to-total assets ratio was 52.5% at 30 June 2018). (4 Marks) (Total 20 Marks) MACBOOK 000 Fd F5 F6 F7 DII F8 F9 A % 5 & * ( 6 7 8 9 0