please help me answer both requirements

Data table Retained earnings 4,000 Dividends 9,000 Service revenue 91,500 Depreciation expense- equipment 1,200 Salary expense 39,800 Rent expense 11,100 Interest expense 3,000 Insurance expense 3,50 t Supplies expense 2,900 Income tax expense Total 7,000 $147,400$147,400 (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Dreamer Corporation's 2021 single-step income statement, statement of retained earnings, and balance sheet. Begin by preparing Dreamer's 2021 income statement. Requirements 1. Prepare Dreamer Corporation's 2021 single-step income statement, statement of retained earnings, and balance sheet. 2. Dreamer's lenders require that the company maintain a debt ratio no higher than 0.50 . Calculate Dreamer's debt ratio at May 31,2021 , to determine whether the company is in compliance with this debt restriction. If not, suggest a way that Dreamer could have avoided this difficult situation. The adjusted trial balance for the year of Dreamer Corporation at May 31, 2021, follows. (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Dreamer Corporation's 2021 single-step income statement, statement of retained earnings, and balance sheet