use the information from the income statement to answer question

WEI The Print Shop December 31, 2000 Assets Current assets $15,000 Cash Accounts receivable Less allowance for bad debts $36,000 (1,500) 34,500 46,500 Inventory (at cost) Total current assets Fixed assets Furniture and fixtures Delivery van 33,000 30,000 63,000 (3,000) Less accumulated depreciation Total fixed assets Total assets $42,000 Liabilities and Capital Current liabilities Accounts payable $27,000 Notes payable (due within 1 year) 12,000 Accrued liabilities 3.000 Total current liabilities Long-term liabilities Notes payable (due after 1 year) Total current liabilities Capital Owner's capital, January 1, 2000 Net income for year 45,000 Less proprietor's drawings (42,000) Undistributed income Total capital, December 31, 2000 Total liabilities and capital 12,000 99,000 3,000 OE 28. Using exhibit 1 - Income Statement- calculate the current ratio for The Print Shop. Explain your results, (10 points) 19. Using exhibit 1 - Income Statement- calculate the quick ratio for The Print Shop. Explain your results (10 points) Enter your