Refer to Problem 3-56B.

1. Use the For You eTravel Inc. data in problem P3-56B to prepare the company's classified balance sheet at December 31, 2017. Show captions for total assets, total liabilities, and total liabilities and shareholders' equity.

2. Evaluate For You's debt position as strong or weak, giving your reason. Assess whether For You's ability to pay both current and total debts improved or deteriorated during 2017. In order to complete your evaluation, compute For You's current and debt ratios at December 31, 2017, rounding to two decimal places. At December 31, 2016, the current ratio was 1.50 and the debt ratio was 0.45.

Data from 3-56B

The accounts of For You eTravel Inc. at December 31, 2017, are listed in alphabetical order.

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Acxpayable Accounts receivable Accumulated depreciation-furniture .. Advertising expense Cash Depreciation expense Dividends Furniture Interest expense Note payable, long term... $ 5,100 Other assets 3,600 .. 6,600 Retained earnings 5,300 24,600 3,900 93,500 15,000 7,700 5,700 r31, 2016 2,200 Salary expense 7,300 Salary payable 1,300 Service revenue 47,400 Share capital ,4Supplies 800 Supplies expense $10,600 Unearned service revenue .._.-....