Affordable Lawn Care, Inc., provides lawn mowing services to both commercial and residential customers. The company performs adjusting entries on a monthly basis, whereas closing entries are prepared annually at December 31. An adjusted trial balance dated December, current year follows                                   Affordable   Lawn Care, Inc.                                       Adjusted Trial Balance                                   December 31, current year                                                          Debit                                         Credits                  Cash……………………………………………      $117,050 Accounts receivable……………………………. 9,600 Unexpired insurance………………………….   16,000 Prepaid rent……………………………………….  6,000 Supplies…………………………………………..      2,150 Trucks……………………………………………     300,000 Accumulated depreciation: truck                                               $240,000 Mowing equipment……………………….      40,000 Accumulated depreciation: mowing equipment                             24,000 Accounts payables…………………………….                                              3,000 Notes payables…………………………....................................................           100,000 Salaries payables…….............................................................................             1,800 Interest payables…………………............................................................                  300 Income taxes payables........................................................................               2,100 Unearned mowing revenue……........................................................                1,800 Capital Stock.............................................................................................              40,000 Retained earnings…… ...........................................................................             60,000 Dividends………………………                              10,000 Mowing revenue earned……………….....................................................         340,000 Insurance expense……………….                     4,800 Office rent expense…………………..             72,000 Supplies expense……………………..                10,400 Salary expense…………………………..             120,000 Depreciation expense: truck………..           60,000 Depreciation expense: mowing equipment  8,000 Repair and maintenance expense……….     6,000  Fuel  expense…………………………………         3,000 Miscellaneous expense…………………          10,000 Interest expense…………………………….        6,000 Income taxes expense………………..            12,000                                                                 $813,000                        $813,000                Using the financial statement prepared in part a, briefly evaluate the company’s profitability and liquidity