1 RedBear Landscaping Company \begin{tabular}{|r|l|r} \hline 2 & \multicolumn{1}{|c|}{ List of Accounts } & \\ \hline 3 & \multicolumn{1}{|c|}{ December 31, 2022 } & \\ \hline 4 & & $10,000 \\ \hline 5 & Cash & 2,000 \\ \hline 6 & Accounts Receivable & 9,000 \\ \hline 7 & Supplies & 6,000 \\ \hline 8 & Prepaid Rent & 21,000 \\ \hline 9 & Equipment & 50,000 \\ \hline 10 & Vehicles & 4,000 \\ \hline 11 & Office Furniture & 15,000 \\ \hline 12 & Accumulated Depreciation & 6,000 \\ \hline 13 & Accounts Payable & 1,000 \\ \hline 14 & Accrued Wages Payable & 10,000 \\ \hline 15 & Note Payable (due in six months) & 30,000 \\ \hline 16 & Loan Payable (due in five years) & 28,000 \\ \hline 17 & Common Stock, no par & 12,000 \\ \hline 18 & Retained Earnings & \\ \hline 19 & \end{tabular} A group of four students decided to start a residential landscaping and snowplowing business, RedBear Landscaping Company (RBLC). This List of Accounts is as of the end of their first year of business. 21 Required: 22 1. From the List of Accounts, prepare a well-formatted, classified balance sheet as of the date noted. 1a. "Classified" requires having subtotals for Current Assets and for Current Liabilities. Refer to good-form FS. 2. Prove the accounting equation (must document evidence of this step). 3a. Calculate the current ratio . 3b. Analyze results: What does this ratio indicate about the ability of the company to pay its current liabilities