Presented below are the balances, listed in alphabetical order, of the Rodrigo Company, at December $1,2017$:

Accounts Payable

$6,300$

Accounts Receivable

$4,100$

Cash

$7,200$

Land

$15,200$

Machinery

$31,700$

Merchandise Inventory

$12,300$

Long$-$term Debt Payable

$20,600$

Note Payable

$2,100$

Paid$-$in Capital

$41,500$

Below are the transactions for the Rodrigo Company for the month of December $2017$:

Collected $1,800$ cash from credit customers.

Paid $2,500$ cash of the amount owed on account.

Sold inventory to a friend at cost$,$ which was $900.$ The friend paid in cash.

Borrowed an additional $1,200$ in notes payable.

Required:

$1.$ Prepare a balance sheet as of December $31,2017,$ considering the beginning balances and incorporating the effects of the December $2017$ transactions. Which is the amount of cash at the end of the period?

 

$2.$ How much is the working capital for Rodrigo Company for $2017?$ Hint: The working capital is defined as current $($short$-$term$)$ assets minus current $($short$-$term$)$ liabilities. The working capital is a measure of how short term sources of funds are balanced with short term uses of funds.

 

$3.$ Compute the current ratio for Rodrigo Company for $2017.$ Hint: The current ratio is defined as current $($short$-$term$)$ assets out of current $($short$-$term$)$ liabilities. The current ratio is a rough indicator of liquidity

 

$($ATTENTION: insert only numeric value. Use decimal dots, and commas to separate thousands$)$