The accounting records of Router Wireless include the following as of December 31, 2016:
Accounts Payable.........$ 69,000
Mortgages Payable (long-term) ..... 75,000
Interest Payable......... 21,000
Bonds Payable (long-term)...... 63,000
Total Stockholders' Equity...... 160,000
Salaries Payable$......... 7,500
Bonds Payable (current portion)... 25,000
Premium on Bonds Payable...... 13,000
Unearned Revenue (short-term)... 3,400
Requirements
1. Report these liabilities on the Router Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.
2. Compute Router Wireless’s debt to equity ratio at December 31, 2016.