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These items are taken from the accounting records of Entity Z at its December 31,...

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Accounting

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These items are taken from the accounting records of Entity Z at its December 31, 2024 year end. Instructions In good form (include headings), prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2024. Then compute the current ratio and the debt-to-total-assets ratios identifying which is a measure of liquidity and which is a measure of solvency. Don't forget this last part. Check figures: Retained earnings, December 31, 2024, 159,616; Total assets, \$314,216. Did you remember to do the last part

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