Income statement The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned $750,000 Office expense 295,000 Miscellaneous expense Wages expense 12,000 450,000 Prepare an income statement for the year ended August 31, 2019.

need help preparing an statement table   The following information relates to Oriole Co. for the year 2020. Owner’s capital, January 1, 2020   $53,827   Advertising expense   $ 2,019 Owner’s drawings during 2020   6,728   Rent expense   11,663 Service revenue   71,321   Utilities expense   3,476 Salaries and wages expense   33,081

The current ratio is defined as current assets divided by current liabilities. On December 29, 2021 Ohio Company had current assets of $200 and current liabilities of $100. On December 30, Ohio paid salary payable int the amount of $50. Calculate the current ratio on December 31, 2021.