Refer back to Problem.

Requirements
1. Prepare the company€™s classified balance sheet in report form at March 31, 2010. Show captions for total assets, total liabilities, and total liabilities and stockholders equity.
2. Compute Sunny Stream€™s current ratio and debt ratio at March 31, 2010 rounding to two decimal places. At March 31, 2009, the current ratio was 1.40 and the debt ratio was 0.25. Did Sunny Stream€™s ability to pay both current and total liabilities improve or deteriorate during 2010? Evaluate Sunny Stream€™s debt position as strong or weak and give yourreason.

Accounts payable Accounts receivabl.. Accumulated depreciation- S14,300 Interest expense.... Other a 11,100 Retained earnings, 800 Note payable, long term5,900 14,500 5,700 16,400 1 Advertising expense 7,300 Common stock.6,700 Current portion of note March 31, 2009 22,000 expense... 18,100 Salary payable 2,600 Salary 500 Service reven 94,100 Depreciation expense 2,000 Supplies3,300 30,000 Supplies expense....4,300 2,600 .. Equipment. 42,500Unearned service revenue...