41. Prepare a Classified Balanced Sheet using the information provided below (25pts) Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Additional Paid in Capital Allowance for Doubtful Accounts Bonds Payable Cash Common Stock ($30 par value) Current Portion of Long Term Note Payable Deferred Income Tax Liability Dividends Payable Equipment Income Taxes Payable Interest Payable Interest Receivable Inventory Investment in Land Investment in Stock of Subsidiary Note Payable - Long Term Note Receivable - Long Term Premium on Bond Payable Prepaid Insurance Retained Earnings Wages Payable 37,950 70,800 84,000 180,000 3,540 137,500 121,950 600,000 12,000 3,450 22,500 420,000 45,750 3,000 2,550 197,550 255,000 246,000 48,000 75,000 12,500 2,400 179,610 21,450 Calculate the following ratios using your completed classified Balance Sheet: 1. Current Ratio 2. Debt Ratio 3. Return on Assets 4. Return on Equity 5.% Asset mix that is Property, Plant and Equipment Additional Income Statement information needed: Net Sales Net Income $1,403,466 105,260