2.prepare a classified balance sheet. assume that 217,000 of the long term notes payable will be pair during the year ended March 21,2024. Also, $57,000 of the notes recirvable will be collected by March 31,2024.

3. calculate the current ratio and debt to equity ratio.

An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 3 i, 2023, is shown below: 'Assume all accounts have is normal balance. Required: 1. Calculate the capital balance as it would appear on the March 3t, 2023, balance sheet