The accounts of International Travel at March 31, 2023, are listed in alphabetical order here:

Required

1. Prepare the company’s classified balance sheet in report format at March 31, 2023. Use a three-column format for the amounts. All adjustments have been journalized and posted, but the closing entries have not yet been made.

2. Compute International Travel’s current ratio and debt ratio at March 31, 2023. At March 31, 2022, the current ratio was 1.28 and the debt ratio was 0.32. Did International Travel’s ability to pay both current and total debts improve or deteriorate during fiscal 2023?

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Accounts Payable........ Accounts Receivable.. Accumulated Amortization-Building....... Accumulated Amortization-Furniture..... Advertising Expense..... Amortization Expense.... A. Wing, Capital.. A. Wing, Withdrawals. Building.. Cash............. Furniture.. Insurance Expense. Interest Payable. $31,760 Interest Receivable....... 9,200 Land. 37,840 6,160 720 1,520 40,560 24,960 44,720 $ 720 23,000 Note Payable, Long-Term...... 22,560 Note Receivable, Long-Term...... 5,520 Other Assets............ 16,840 Other Current Liabilities... 880 Prepaid Insurance. 480 Prepaid Rent.. 3,760 Salaries Expense.. 14,240 11,920 56,880 3,040 3,680 1,360 27,720 34,560 Salaries Payable.. Service Revenue 480 Supplies.. 5,240 Supplies Expense...... Unearned Service Revenue.....