Wildhorse Co. provides you with the following balance sheet information as of December 31, 2022. Current assets $14,030 Current liabilities $14,640 Long-term assets 32,330 Long-term liabilities 17,080 Total assets $46,360 Stockholders’ equity 14,640 Total liabilities and stockholders’ equity $46,360 In addition, Wildhorse reported net income for 2022 of $19,520, income tax expense of $3,904, and interest expense of $1,586.1. Compute the current ratio and working capital for Wildhorse for 2017.2. Assume that at the end of 2017, Wildhorse used $2,900 cash to pay off $2,900 accounts payable. How would the current ratio and working capital have changed?

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?