1) Create a classified balance sheet in good form for the year 2013.

2) Calculate the current ratio and debt ratio and explain your findings

statements of SGB Company for 2013 Cash $300,000 Accounts Receivable 150,000 Inventory 70.000 Accounts Payable 13,000 Supplies. 20,000 Salaries Payable 10,000 Unearned Revenue 25.000 Intangible assets 98,000 Property, plant, and equipment, 176,000 net 50,000 Common Stock 150.000 Additional Paid-in Capital Retained Earnings, 12/31/2012 78.300 Long-term debt 275,000 483,700 Service revenue 170.000 Cost of Goods Sold 50.000 Rent expense 15.000 Supplies expense 36.000 Insurance expense Instructions: (1) create a classified balance sheet in good form for the year ended 2013. (30 points) (2) Calculate the current ratio and debt ratio and explain your findings. (6 points) (Points 36) spellchecker