need help completing this question I have no idea where to start. Please help it is very overwhelming

Application Problem 9 - 10A Dividend Aristocrat Inc . ( DA ) borrowed $ 217 , 000 from Grow Business Bank to finance the purchase of equipment costing $ 162 , 750 and to provide $54 , 250 in cash . The legal documentation states that the loan matures in 20 years , and the principal is to be paid in annual instalments of $ 10 , 850 . The terms of the loan also indicate that DA must maintain a current ratio of 1 . 25 and cannot pay dividends that will reduce retained earnings below $ 102 , 000 . The 2020 year-end statement of financial position , immediately prior to the bank loan and the purchase of equipment , follows :" Current assets $89 , 500 Current liabilities $70, 000 Non - current assets 424 , 400 Long - term liabilities 217 , 000 Common shares 98 , 000 Retained earnings 129 , 000 Total liabilities and Total assets $514, 000 shareholders' Equity $514, 000 Prepare the following statement of financial position assuming the maximum divided is declared and paid . Current Assets Current Liabilities Non - current Assets Long - term Liabilities Common Shares Retained Earnings Total Liabilities and Total Assets Shareholder's Equity \\5 Calculate the current ratio using the updated statement of financial position . ( Round answer to 2 decimal places , e .g. 7 . 25 . ) Current Ratio Dividend Aristocrat Inc . \\ in compliance with the loan agreeement