rmation given below, prepare an income statement and statement 2) the indmings and Balance Sheet for Rapid Car Services from the adjusted crial balance. t baUSE PROPER FORMAT. Also calculate aaurrent Ratio, i) Debt Ratio, ii) Return on Assets, iv) What percentage of net income was distributed at Dividends Rapid Car Services Adjusted Trial Balance For the year ended December 31 Cash Accounts receivable Office supplies... 33,000 14,200 1,700 100,000 Vehicles 45,000 11,500 20,000 51,900 Accounts payable Common stock Retained earnings Dividends Fees earned Rent expense.. Office supplies expense.... Utilities expense.... Depreciation Expense - Vehicle.. Salary expense Fuel expense Totals 155,000 13,000 2,000 2,500 15,000 50,000 283,400 283,400 0l