M2-21 (Algo) Ordering Current Assets and Current Liabilities within a Classified Balance Sheet [LO 2-4] Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts Account Name Accounts Payable Cash Common Stock Equipment Land Notes Payable (long-term): Retained Earnings Salaries and Wages Payable Supplies Required: Balance $ Payment is due in 30 days: 2,400 Description 2,500 Includes cash in register and in bank account) 34,000 Stock issued in exchange for owners' contributions 44,000 Includes deep fryers, microwaves, dishwasher, etc. 20,900 Held for future site of new restaurant 29,000 Payment is due in six years 3,400 Total earnings through September 30 400 Payment is due in 7 days 1,800 Includes serving trays, condiment dispensers, etc. 1. Using the above descriptions, prepare a classified balance sheet at September 20 2. Calculate CCC current ratio.