Problem 2 (25 points) The December 31, 2019 adjusted trial balance of Jacks Financial Planners appears below for the month ending JACKS FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2019 DebitCredit s 25.450 2,200 1,800 15,000 Cash Accounts Receivable. Office Supplies Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Notes Payable (Due on March 1, 2020) Unearned Service Revenue Capital Stock Drawing .. $4,000 4,000 3,000 5,000 24,400 2,500 Sales Revenue.. 16,500 Cost of Goods Sold.. 4,950 600 2,500 1,900 Office Supplies Expense Depreciation Expense Rent Expense $56,900 $56,900 Part 1 A. Prepare an Inco Decemb en Income Statement (Cost of GoodsSole formati for the month of December B. Prepare an Equity Statement for the month of December. C. Prepare a Classified Balance Sheet for December 31. Part 2 Calculate the following ratios for the month of December: 1. Gross Profit Percentage 2. Working Capital 3. Current Ratio 4. Return on Sales 5. Debt Ratio