Please help me do this accounting exercise

Problem 2-5B Computing set income rom equity analysis, preparing a balance sheet, and compouting the debt ratio A A The accountingecords of Tama Co, show the following assets and liabilities as of December 31, 2016 and 2017 P3O December 31 Cash Acccunts recelvebl OHice supples OHiceequpmant Wachinay 2016 2017 $30,000 5,000 35000 25,000 8,000 13,500 40,000 40000 28,000 28,500 0 250.000 0 50.000 Land Ncto payatdo 250.000 Required 1. Prepare balance sheets for the business as of December 31. 2016 and 2017. (Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities) 2. Compute net incomfor 2017 by comparing total equity amounts for these two years and using the following information: During 2017, the owner invested S5,000 additional cash in the business (in exchange for common stock) Page 92 and the company paid S3,000 cash in dividends. Check ) Ne inome, SL1,000 3. Compute the December 31, 2017, debt ratio (in percent and rounded to one decimal) (3) Debt Tatio, 63 6%