M2-21 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 Accounts Payable $2,300 Cash Common Stock Equipment Land 1,850 33,000 43,000 20,400 Notes Payable (long-term) 28,000 Retained Earnings 3,300 Salaries and Wages Payable 350 Supplies 1,700 Required: Description Payment in due in 30 days Includes cash in register and in bank account Stock issued in exchange for owners' contributions Includes deep fryers, microwaves, dishwasher, etc. Held for future site of new restaurant Payment in due in six years Total earnings through September 301 Payment is due in 7 days Includes serving trays, condiment dispensers, etc. 1. Using the above descriptions, prepare a classified balance sheet at September 30. 2. Calculate CCC's current ratio.