(a) Prepare a trial balance (In order of liquidity), (b) Prepare a classified balance sheet, and (c) Calculate the current ratio and acid-test ratio with these balances taken from the ledger of Nieto Corporation below:

Below is a list of balances taken from the ledger of Nieto Corporation. ............ Accounts payable $ 260,000 Accounts receivable ........ 140,000 Accumulated depreciation-buildings ........ 180,000 Accumulated depreciation-equipment ........ 52,000 Allowance for doubtful accounts .... 6,000 Bonds payable (10%, due 2025). 500,000 Buildings 950,000 Cash. 62,000 Common stock ($10 par value; 500,000 shares authorized, 150,000 shares issued) 1,500,000 Dividends payable 80,000 Equipment. 275,000 Goodwill. 200,000 Income taxes payable ............ 120,000 Inventory .... 170,000 Investment in Mara common stock (30% ownership at equity 380,000 Investment in Sasse common stock (10% ownership) at cost 300,000 Land 390,000 Notes payable (due 2018).... 70,000 Paid-in capital in excess of par- common stock 130,000 Premium on bonds payable 40,000 Prepaid insurance ..... 16,000 Retained earnings ........ 125,000 Short term investments, at fair value (and cost) .............. 180,000 The investment in Sasse common stock is considered to be a long-term available for sale Security. Instructions: a. b. Prepare a post -closing trial balance Prepare a classified balance sheet BONUS - Calculate the current ratio and acid-test ratio c