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The adjusted trial balance of Bradey Irrigation System at December 31, 2018, follows: (Click the...

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The adjusted trial balance of Bradey Irrigation System at December 31, 2018, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the company's income statement for the year ended December 31, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use a minus sign or parentheses to show a net loss.) Requirements 1. Prepare the company's income statement for the year ended December 31, 2018. 2. Prepare the company's statement of owner's equity for the year ended December 31, 2018. Assume that there were no contributions made by the owner during the year. 3. Prepare the company's classified balance sheet in report form at December 31,2018. 4. Journalize the closing entries for Bradey Irrigation System. 5. Compute the company's current ratio at December 31, 2018. At December 31, 2017, the current ratio was 2.5. Did the company's ability to pay debts improve or deteriorate, or did it remain the same

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