4 of 4 View Policies Current Attempt in Progress The adjusted trial balance for Sunland Ltd. at October 31, 2021, contained the following Accounts payable $52,060 Income tax payable 16.077 Accounts receivable 105,480 Notes payable 235,648 Allowance for doubtful accounts 4,673 Interest expense 55,615 Bonds payable, due 2024 487.300 Lease ability 43,420 Interest payable 15,090 Income tax expense 12,609 Note receivable, due December 2022 Unearned revenue 31,670 9,840 -/20 1 Of the lease liability amount, $27,326 is due within the next year. Total payments on the note payable in the next 12 months will be $21,444, of which $11.568 is for interest. Sunland reported profit for the year ended October 31, 2021, of $37,940. Total assets are $1.950.139. Part 1 Prepare the liabilities section of the balance sheet. Enter account none only and do not da tumution SUNLAND LTD. Balance Sheet (Partial) Liabilities and Shareholders' Equity 992 Part 2 Calculate Sunland's debt to total assets and interest coverage ratios for the year ended October 31, 2021. (Round debt to assets to Odecimal places, eg. 75% and Interest coverage to 1 decimal place, eg. 52.7.) Debt to total assets Interest coverage eTextbook and Media List of Accounts Save for Later Using multiple attempts will impact your score. 40% score reduction after attempt 4 96 times Attempts: 0 of 5 used Submit