Preparing Balance Sheets, Computing Income, and Applying the Current and Quick Ratios Balance sheet information for Lang Services at the end of Year 2 (the most recent year) and Year 1 is: a. Prepare Lang Services' balance sheet for December 31 of each year. Note. I ict arrountc in halanre chept nrder b. Lang Services raised $27,000 cash through issuing additional common stock early in Year 2, and it declared and paid a $91,800 cash dividend in December Year 2 . Compute its net income or loss for Year 2. Note: Use a negative sign with your answer to indicate a net loss, if applicable. $ c. Calculate the current ratio and quick ratio for Year 2. ecember 31 of each year