CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Exercise 2-10 (Part Level Submission) The chief financial officer (CFO) of Whispering Winds Corp balance sheet on December 3o, 2017, so that the CFO could debt agreements with its creditors require the company to maintain a sheet is as follows requested that the accounting department prepare a prelimina how the company stood. He knows that certain current ratio of at least 2:1. The preliminary balance get an i Whispering Winds Corp. Balance Sheet December 30, 2017 Current assets Cash Accounts receivable Prepaid insurance Equipment (net) Total assets Current liabilities $26,300 31,600 6,000 63,900 201,800 $265,700 Accounts payable $21,300 Salaries and wages payable 11,600 32,900 Long-term liabilities 81,000 113,90o Notes payable Total liabilities Stockholders' equity 100,000 Common stock 51,800 151,800 $265,700 Retained earnings Total liabilities and stockholders equity Version 4.24.4.5 All Rights Reserved. A Division of t/test/aglist.uniid-asnmt2150-480 N 100F m/edugen/shared/ SAMSUNG