\begin{tabular}{|l|r|r|} \hline Item & Original CostfAmount & Current Value \\ \hline Automobile & 35,000 & 20,000 \\ \hline Electric utilities (yearly) & 6,000 & 6,000 \\ \hline Mortgage on cottage & 40,000 & 60,000 \\ \hline House in city & 300,000 & 390,000 \\ \hline Cottage & 90,000 & 120,000 \\ \hline Annual tuition fees (private school) & 20,000 & 20,000 \\ \hline Property taxes due end of January & 3,000 & 3,000 \\ \hline Boat & 70,000 & 30,000 \\ \hline Bank loan & 20,000 & 20,000 \\ \hline Investments - equities & 60,000 & 80,000 \\ \hline Investments-bonds & 50,000 & 40,000 \\ \hline Cash in bank & 10,000 & 10,000 \\ \hline Annual insurance premiums for home, boat, and vehicles & 6,000 & 6,000 \\ \hline Annual income & & \\ \hline Investment-RRSP & 100,000 & 100,000 \\ \hline Credit card limit & 90,000 & 130,000 \\ \hline Credit card balance (Visa) & 20,000 & \\ \hline Credit card balance (Mastercard) & 12,000 & 12,000 \\ \hline Household items-furniture & 4,000 & 4,000 \\ \hline Mortgage on city home & 90,000 & 40,000 \\ \hline \end{tabular} a. Prepare a balance sheet as at December 31, 2016, for the Sycamore family. Create a table with columns. b. Calculate the current ratio and the total debt ratio for the Sycamores? c. Briefly discuss the Sycamores' current financial condition based on your analysis above