Please solve this problem,

Exercise 2-10 The chief financial officer (CFO) of Myeneke Corporation requested that the accounting department prepare a preliminary balance sheet on December 30, 2017, so that the CFO could get an idea of how the company stood. He knows that certain debt agreements with its creditors require the company to maintain a current ratio of at least 2:1. The preliminary balance sheet is as follows. Myeneke Corporation Balance Sheet December 30, 2017 Current assets Cash $25,000 30,000 Accounts receivable 5,000 60,000 Prepaid insurance 200,000 Equipment (net) $260,000 Total assets Current liabilities 20,000 Accounts payable 10,000 30,000 Salaries and wages payable Long-term liabilities 80,000 Notes payable Total liabilities 110,000 Stockholders' equity 100,000 Common Stock Retained earnings 50,000 150,000 $260,000 Total liabilities and stockholders' equity