Required $1$Using Be Prepared, Inc. $\text{'}$s adjusted trial balance and prior period's balance sheet, prepare the following Financial Reports:$1.$ Multi$-$Step Income Statement for the month of January $2023($see Ch $5$ section P$4$ in your textbookforguicance.hheck Fgure$$1\mathrm{.}513$ net income$\mathrm{.}2.$ Statement of Retained Earnings for the month of January $2023($see Ch $13$ section C$3$ in your textbook for guidance$),$ Note: There are no prior period adjustments and all dividends declared are Cash dividends in the amount of $$31,060\mathrm{.}3.$ Comparative Balance Sheet for the months of December $2022$ and January $2023($see Ch $17$ sectionP$1$ in your textbook for guidance$).$ Check figure: Total liabilities $$1\mathrm{.}013,378(2022),4.$ Common$-$Size Comparative Balance Sheet for the months of December $2022$ and January $2023($See Ch $17$ section P$2$ in your textbook for guidance$).$Required $$2$Use the income statement and Comparative Balance Sheet you prepared in Required #$1$ and the following additional information to prepare the Statement of Cash Flows $($Indirect Method$)$ for the month of January$2023$ see Ch $16$ secoons Pl$-$P$3$ torgicanteCheok hgune: net cash provided by operaning octirities $$55,050.$M Issued $10,000$ new shares of common stock in exchange for a piece of land. The stock was selling on the market at an average price of $$10$ per share on the date of sale and the par value of the stock was $50$ cents.Purchased land with a cost $$250,000.$ A down payment was made in the amount of $$50,000$ cash and a $10\%5-$year note payable was signed for the difference.~ Purchased additional store equipment for $$50\mathrm{.}000$ paying cash.$-$ The $$10,000$ notes receivable was related to the sale of merchandise inventory to a credit customer this period. Hint. The increase in notes receivable should be reported as an addition to the.ocerating activites secton of the statement of cash flows$\mathrm{.}3$ Issued bonds with a face amount of $$800,000$ at $27.$ Hint: The amortization of the bond discount inthe amountof $$200$ should be reported as an aodition to the operating actvities secbon$.$Used the cash proceeds from the bond issue to pay off the mortgage payable of $$200,000.."$ The company repurchased $20\mathrm{.}000$ shares of its common stock on the open market for $$9$ per share.$=$ The company reissued $9,125$ of the treasury shares at a price of $$20$ per share.$-$issued $1500$ shares of orerened stock at $$105$ per sharePaid cash dividends of $$31,060$ to preferred and common stockholders.Required #$3$Prepare the following Ratios for January $2023,$ you must include formula and calculaticCurrent RatioAcid$-$Test Ratio$3.$ Working CapitalDays sales in inventoryDay's sales uncollectedDebt Ratio$7\mathrm{.}8.$Equity RatioDebt$-$to$-$equity$9$Profit Margin Ratio$10.$ Gross Margin RatioAccount DescriptionDebitsCredits$1001$ Cash$687\mathrm{.}490\mathrm{.}001021$ Aocounts Receivabe$23\mathrm{.}000\mathrm{.}002027$Allowance for Doubtful AccountsInterest Receivable$460\mathrm{.}0060\mathrm{.}00$Notes Recenabie$10,000\mathrm{.}001051$ Menchandise inventony$5,270\mathrm{.}001201$tore SuooiesLm$1$n OHce Suppies$10,000,00300\mathrm{.}001125$ Prepaid insurance$2\mathrm{.}800\mathrm{.}00$T$04$Land$414,250\mathrm{.}00400\mathrm{.}000\mathrm{.}001412$ Arum Dep. Buildine$45/50\mathrm{.}001431$ Office Equipment$90\mathrm{.}000\mathrm{.}00$Fa$52$Accum Deps Ofce Ecuipment$17\mathrm{.}500\mathrm{.}001451$Score Equipment$125\mathrm{.}000\mathrm{.}00$Nocum Dep: Store Equipment$15\mathrm{.}800\mathrm{.}001302$Patents$67\mathrm{.}300\mathrm{.}0020011$ Accounts Pavable$25\mathrm{.}000\mathrm{.}0012005$Hincome Taxes Pavable$7\mathrm{.}500\mathrm{.}002031$ Inperest Payable$4778\mathrm{.}00$Notes Payable Long Tern$200,000\mathrm{.}002304$Bonds Payable$808\mathrm{.}000\mathrm{.}0012303$Discount on Bonds Payable$23\mathrm{.}900\mathrm{.}00$Preferred Stock$400\mathrm{.}000\mathrm{.}003001$Common Stock$1\mathrm{.}05\mathrm{.}000\mathrm{.}00$Paid in Capital in Excess of Par:$20\mathrm{.}000\mathrm{.}00$Preferred$8111$Paid in Capital in Excess of Par Common$166\mathrm{.}250\mathrm{.}0021213300$Paid in Capital Treasury StockRetained Earnings$72\mathrm{.}000\mathrm{.}0053\mathrm{.}940$:$00$Wreasury Spock$74\mathrm{.}000\mathrm{.}0040022$Sales RevenueSales Discount$139\mathrm{.}000\mathrm{.}001003$ Sales Returns and Allowances$800\mathrm{.}005\mathrm{.}000\mathrm{.}00$wi$01$lncerest Revenue$160\mathrm{.}00$Saon cost of Coods Sold$84\mathrm{.}560,005020$ JInsurance Expense $"$ General$5012$ Repairs Expense: Office$200\mathrm{.}005015$Depreciation Expense: Building General$3\mathrm{.}000\mathrm{.}00750\mathrm{.}005020$Depreciation Expense: Office Equipment$3\mathrm{.}000\mathrm{.}005025$Supplies Expense, Selling$1\mathrm{.}200\mathrm{.}005027$Utilities Expense: Office$1,500\mathrm{.}00$EOBOOffice balaries Expense$16\mathrm{.}000\mathrm{.}0050\%5$Office Payroll Tax Expense$1,200\mathrm{.}006005$Depreciation Expense: Store Equipment$800\mathrm{.}0060106015$Amortization Expense: Patents, GeneralSales Salaries Expense$700\mathrm{.}0010\mathrm{.}000\mathrm{.}005020$Sales Pavroll Tax Expense$1800\mathrm{.}006022$Utilities Expense: Store$1\mathrm{.}1\mathrm{.}00\mathrm{.}006025$Delivery Expense $-$ Generali$2000\mathrm{.}006000)6040$Repairs Expense: StoreBad Debts Expense Selling$800\mathrm{.}00,2001$Interest Expense$460\mathrm{.}005\mathrm{.}878,00,2\mathrm{.}073\mathrm{.}038\mathrm{.}002,073,038\mathrm{.}00$