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.

Required:

From the List of Accounts, prepare a well$-$formatted,

$1$a$.$ "Classified" requires having subtotals for Current Assets and for Current Liabilities. Refer to good$-$form FS$.$

Prove the accounting equation $($must document evidence of this step$).$

$3$a$.$ Calculate the current ratio $.$

$3$b$.$ Analyze results: What does this ratio indicate about the ability of the company to pay its current liabilities?