On $1$ January $2023,$ Mr$.$ Jack opened his cafe in the city and invested $$250,000$ of his own money. He also secured a $$200,000$ loan, which required him to make monthly interest payments, but the principal was not due for two years. The rate of interest was $10\%$ per year. $($hint: he only pays interest on that loan for the first year and no other repayments to be made$)$

The restaurant had a successful first year, generating total sales of $$1,000,000.$ Most of the sales were in cash, but an event planning company that frequently ordered catering services racked up $$30,000$ in credit sales. While it's uncommon for restaurants to offer credit sales, Mr$.$ Jack made an exception for this company because of the long$-$term relationship and large volume of orders. He purchased $$800,000$ worth inventory out of which $25,000$ was in credit, and balance in cash it was fully used to make the pizza that were sold and there was no closing inventory.

The restaurant's expenses were significant, with $$100,000$ spent on staff salaries, utilities. and rent. To keep the restaurant running smoothly, Mr$.$ Alex also purchased kitchen equipment for $$80,000,$ which would be depreciated over the next five years.

At the end of the year $31$ Dec $2023,$ he still owed $$25,000$ to suppliers for food purchases, and his accounts receivable stood at $$30,000$ from the credit sales to the event planning company. He also declared dividend of $$10,000.$

You are required to:

Post the journal entries for the above. $[20]$

Prepare the balance sheet, statement of operation, cash flow statement. $[20]$

Analyse the below ratio: $[20]$

Return on Equity $($ROE$)$

Debt to Equity Ratio

Asset Turnover Ratio

Net Profit Margin

Gross Profit Margin

Expense Ratio

Current ratio