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 Balance Description $ Accounts Payable 4,000 Payment is due in 30 days Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Salaries and Wages Payable Supplies Required: 5,450 Includes cash in register and in bank account 50,000 Stock issued in exchange for owners' contributions 60,000 Includes deep fryers, microwaves, dishwasher, etc. 28,900 Held for future site of new restaurant 38,000 Payment is due in six years 5,000 Total earnings through September 30 750 Payment is due in 7 days. 3,400 Includes serving trays, condiment dispensers, etc. 1. Using the above descriptions, prepare a classified balance sheet at September 30. 2. Calculate CCC current ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the above descriptions, prepare a classified balance sheet at September 30. CHARLIE'S CRISPY CHICKEN Balance Sheet