1.	Use the data in the partial worksheet to prepare Emerson Production Company's classified balance sheet at December 31 of the current year. Use the report format. First you must calculate the adjusted balance for several of the balance-sheet accounts.
2.	Calculate Emerson Production Company's net working capital, current ratio, and debt ratio at December 31. A year ago, net working capital was $4,850, the current ratio was 1.51, and the debt ratio was 0.51. Indicate whether the company's ability to pay its debtsboth current and totalimproved or deteriorated during the current year.

The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Emerson Production Company follow. (Click the icon to view the adjusted trial balance and income statement from the worksheet.) (Click the icon to view the adjusting entries.) Read the requirements. Let's prepare the balance sheet for Emerson Production Company. (If an input field is not used in the balance sheet leave the field empty; do not select a label or enter a zero.) Emerson Production Company Reference