An alphabetical list of the adjusted trial balance accounts at July 31, 2020, for Delta Tours after its first month of operations is shown below:

Required

1. Calculate the capital balance as it would appear on the July 31, 2020 balance sheet.

2. Prepare a classified balance sheet.

3. Calculate the current ratio and the debt to equity ratio (round to two decimal places).

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Account Adjusted Account Balance $ 27,000 Accounts payable. Accounts receivable. 21,300 Accumulated depreciation, furniture. 700 Cash. 25,300 Depreciation expense, furniture 700 Furniture. 29,000 Insurance expense 5,250 Interest receivable 100 Interest income. 700 Jan Delta, capital. 95,434 Jan Delta, withdrawals. Notes receivable (due in 6 months). Prepaid insurance. 10,700 56,000 2,100 146,000 Tour revenue. Unearned tour revenue. 19,600 Utility expense Wages expense. Wages payable. 1,300 139,700 2,016 "Assume all accounts have a normal balance.