only question 3 a,c

Chapter 4 Problem 44A Preparing closing entries, financial statements, and ratios Reca.Alp? The adjusted trial balance for Tyholt Construction as of December 31, 2019. follox 0. Tyhalt invested 5.000 cash in the business during year 2019 (the December 31, 2018, credit balance of the Tybalt Capital sunt was $12,00) Audi Bence December 2.2011 Arie 5.000 Crede 8.00 Prep . DO luding de L Able . 16.00 3.00 2. 00 200 proble W 2 tomt * Cepot * Curreptime we puyabile 32 Le O Tudt, Capital Tudt, Wide 126.00 18.00 406 med 1.100 606 - Depec Wap 6.000 2.000 S. 10.000 kregen How 5 piese Patags a wa geity 634 Arpaises Tile 3.00 Tical m.com.cn Required 1. Prepare the income statement and the statement of owner's equity for calendar-peat 2019 and the classified hulon sheet at December 31, 2019. Check.com 26.00 2. Prepare the necessary closing entries at December 31, 2019 te the information in the financial statements to compute these ratio: (a) returns totales at December sl. 2018 w $200,000), (b) debt ratio, profit margin ratione total revenues as the denominator), and current ratin. Round ration to three decimals for parts and end to two decimals for parts and d. Adjusted Trial Balance December 31, 2019 Debt Credit $ 5.000 23.000 8,100 7.000 40.000 $ 20,000 150,000 50.000 55.000 16.500 2.500 3.500 2.500 900 7.500 No. Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-- Equipment 173 Building 174 Accumulated depreciation--Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 244 Current portion of long-term note payable 251 Long-term notes payable 301 O. Tybalt, Capital 302 O. Tybalt, Withdrawals 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 63% Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense Totals 7,000 60,000 126,400 13.000 97.000 14.000 2,000 2.100 11,000 6,000 32,000 5.100 10,000 13.400 7.400 4.200 5.000 8.900 3.200 1600 $40.000 SAW.900 Required 1. Prepare the income statement and the statement of owner's equity for calendar-year 2019 and the classified balance sheet at December 31, 2019 Check () Total assets (12/2/2019, 52100, income, 36300 2. Prepare the necessary closing entries at December 31, 2019, Page 157 3. Use the information in the financial statements to compute these ratios: (a) return on assets (total assets at December 31. 2018, was $200,000). (b) debt ratio, (e) profit margin ratio (use total revenues as the denominator), and (d) current ratio. Round ratios to three decimals for parts a and c and to two decimals for parts band d