Homework: Week 3 - Chapter 04 exercises Save 5 of 8(0 complete) score: 0 of 1 pt E4-17 (similar to) The adjusted trial balance of Mike O'Daniel Dance Studio Company follows HW Score: 0%, 0 of 8 pts E Question Help EEB (Click the icon to view the adjusted trial balance.) Requirements 1. Prepare the dlassifled balance sheet of Mke O'Daniel Dance Studio Company at August 31,2016 Use the report torm. You must compute the ending balance of O'Daniel, Capital. 2. Compute o'Danier's current ratio at August 31,2016. One year ago, the current ratio was 1.68 Indicate whether ODanief's ablty to pay current debts has improved, deteriorated, or remained the same. Requirement 1. Prepare the classified balance sheet of Mke ODaniel Dance Studio Company at August 31, 2016. Use the report form You must ending balance of O'Daniel, Capital Begin by preparing the asset section of the balance sheet, then prepare the liabilithes section and finally the owner's equity section Mike O'Daniel Dance Stidio Company Balance Sheet August 31, 2016 Assets Less