Please answer W1 using the same format. Thanks!

What is common-size balance sheet? A statement that expresses each account on the balance sheet as a percentage of net income. B. A statement that expresses each account on the balance sheet as a percentage of revenue. C. A statement that is common to an industry. D. A statement that expresses each account on the balance sheet as a percentage of total assets. E. A statement that expresses each asset account on the balance sheet as a percentage of total assets and each liability account on the balance sheet as a percentage of total liabilities. When a specific account receivable is written off, the entry A. increases net income. B, decreases net income. C. can either decrease or increase net income. D. has no effect on net income. E. has no effect on allowance for doubtful account. W1. Tucker Technology has current asset $350,000 and current ratio of 2.0. Compute Tucker's of after the following 4 transactions are all finished. Borrow $20,000 in a short-term note, Purchase $75,000 inventory on credit. Collect $30,000 of accounts receivable. Pay $20,000 of account payable