Due Tuesday, February 27, 2024 1. Prepare a classified balance sheet as of January 31, 2024...

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Due Tuesday, February 27, 2024 1. Prepare a classified balance sheet as of January 31, 2024 in good form like you would present it to a client (i.e. proper heading, dollar signs, underlining, no abbreviations or misspelling). 2. Calculate working capital and the current ratio. (round the ratio to 2 places past the decimal) Cash Accounts receivable Debits 218,100 Credits 114,860 Allowance for doubtful accounts 26,020 Investments 213,600 Inventories 213,572 Prepaid insurance 16,020 Land 190,000 Equipment 167,000 Accumulated depreciation - equipment 33,500 Buildings 308,080 Accumulated depreciation - buildings 135,640 Accounts payable 64,080 Interest payable 19,224 Unearned revenue 96,120 Notes payable 373,800 Common stock Additional paid-in capital in excess of par Retained earnings Treasury stock Accumulated other comprehensive income (loss) Dog food sales Cost of goods sold Marketing expense 124,000 177,280 163,600 26,700 23,884 394,202 73,400 42,250 $ 1,607,466 $ 1,607,466 Due Tuesday, February 27, 2024 1. Prepare a classified balance sheet as of January 31, 2024 in good form like you would present it to a client (i.e. proper heading, dollar signs, underlining, no abbreviations or misspelling). 2. Calculate working capital and the current ratio. (round the ratio to 2 places past the decimal) Cash Accounts receivable Debits 218,100 Credits 114,860 Allowance for doubtful accounts 26,020 Investments 213,600 Inventories 213,572 Prepaid insurance 16,020 Land 190,000 Equipment 167,000 Accumulated depreciation - equipment 33,500 Buildings 308,080 Accumulated depreciation - buildings 135,640 Accounts payable 64,080 Interest payable 19,224 Unearned revenue 96,120 Notes payable 373,800 Common stock Additional paid-in capital in excess of par Retained earnings Treasury stock Accumulated other comprehensive income (loss) Dog food sales Cost of goods sold Marketing expense 124,000 177,280 163,600 26,700 23,884 394,202 73,400 42,250 $ 1,607,466 $ 1,607,466