1. Arnold's Landscaping, owned by Arnold Vroom, had the following assets and liabilities on October 31, 20-: Cash, $8200.45; Supplies, $850.00; Accounts Receivable: P. Cannon, $3050.00 and T. Horvath, $890.30; Furniture, $512.75; Equipment, $42 900.25; Truck, $32 160.50; Accounts Payable: Bev's Seed and Supply, $1515.88; Peter Power Equipment, $3356.00, Tough Turf Supplies, $950.05; Loan Payable (due this year), $6000.00; and Mortgage Payable, $24 000. A. Prepare a classified balance sheet (see Figure 2.11) for Arnold's Landscaping. For help with the extra columns for subtotals and totals, use Figure 2.13 on page 37 as a guide. B. Comment about the business's ability to pay its debts. C. Arnold Vroom asks you to prepare a balance sheet for his busi- ness that follows IFRS. Use the inverted order in Figure 2.12 on page 36. D. Comment on the business's long-term assets and how it has gen- erated the funds to buy those assets