Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Building Bechard Irrigation System Adjusted Trial Balance December 31, 2024 Accumulated Depreciation-Building Equinment Balance Debit Credit $ 69 14,000 51,000 21,800 4,400 55,600 24,400 26.000 Accumulated Depreciation-Equipment 7,300 Accounts Payable 41,200 Interest Payable 2,000 Salaries Payable 3,300 Unearned Revenue 1,500 Notes Payable (long-term) 19.300 Bechard, Capital 45,000 Bechard, Withdrawals 2,000 Service Revenue 56,000 Insurance Expense 1,000 Salaries Expense 16,600 Supplies Expense 1,000 Unearned Revenue Notes Payable (long-term) Bechard, Capital Bechard, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Depreciation Expense-Equipment Depreciation Expense-Building Total 1,500 19,300 45,000 2,000 56,000 1,000 16,600 1,000 2,000 13 2,900 1,700 200,000 $ 200,000 69 Start by closing revenues. Date Dec. 31 Clos. (1) Accounts and Explanation Debit Credit Close expenses for the period. Date Dec. 31 Clos. (2) Accounts and Explanation Debit Credit Close Income Summary. Date Dec. 31 Clos. (3) Accounts and Explanation Debit Credit Close withdrawals. Date Dec. 31 Clos. (4) Accounts and Explanation Debit Credit Select the labels then enter the amounts and compute the current ratio. (Round your answer to two decimal places.) = Current ratio = Since the current ratio was 1.5 one year ago, Bechard's ability to pay its current liabilities has