The accounts of Littlepage Travel Agency, Inc., at December 31, 19X6, are listed in alphabetical order.

\section*{Required}
1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Prepare the company's classified balance sheet in report format at December 31, 19X6. Use captions for total assets, total liabilities, and total liabilities and stockholders' equity.
2. Compute Littlepage's current ratio and debt ratio at December 31, 19X6. At December 31, 19X5, the current ratio was 1.52 , and the debt ratio was 0.37 . Did Littlepage's ability to pay debts improve or deteriorate during 19X6?

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Accounts payable. Accounts receivable.. Accumulated depreciation- building.......... Accumulated depreciation- furniture...... $ 5,100 Interest payable.. 6,600 Interest receivable. Note payable, long-term.. 37,800 Note receivable, long-term.. Other assets....... $ 600 200 27,800 4,000 3,600 11,600 Other current assets. 1,700 Advertising expense 2,200 Other current liabilities. 4,700 Building... 104,400 Prepaid insurance... 1,100 Cash....... 6,500 Prepaid rent. 6,600 Commission revenue. 93,500 Retained earnings, Common stock......... 15,000 December 31, 19X5 35,300 Current portion of note payable. 2,200 Salary expense. 24,600 Current portion of note Salary payable. 3,900 receivable........ 1,000 Supplies 2,500 Depreciation expense. 1,300 Supplies expense... 5,700 Dividends. Furniture... Insurance expense. 47,400 Unearned commission 22,700 revenue 5,400 800