3. Prepare a classified balance sheet as of December 31,201. The mortgage payable extends for more than a year. Analyze: What is the current ratio for this business? Complete this question by entering your answers in the tabs below. Prepare a classified income statement for the year ended December 31, 20X1. The operating expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses. 3. Prepare a classified balance sheet as of December 31,201. The mortgage payable extends for more than a year. Analyze: What is the current ratio for this business? Complete this question by entering your answers in the tabs below. Prepare a classified income statement for the year ended December 31, 20X1. The operating expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses