Accounts payable $89,500 Accounts receivable 171,000 Bank indebtedness 60,600 CPP payable 6,700 El payable 4,200 HST payable 16,300 Income tax payable 31,500 Interest payable 9,600 Merchandise inventory 264,000 Mortgage payable 144,000 The following selected account balances are from LightHouse Distributors' adjusted trial balance at September 30, 2021: Warranties and gift cards are expected to be redeemed within one year. Unearned revenues relate to gift cards sold but not yet redeemed. Notes payable 96,000 Prepaid expenses 12,000 Property taxes payable 10,500 Unearned revenue 27,900 Vacation pay payable 13,000 Warranty liability 21,500 Workers' compensation payable 1,200 Additional information: 1. On September 30, 2021, the unused operating line of credit is $72,000. 2. 3. Of the mortgage, $10,000 is due each year. 4. Of the note payable, $1,000 is due at the end of each month. LIGHTHOUSE DISTRIBUTORS (Partial) Balance Sheet $ $ Part 2 Calculate LightHouse's current ratio and acid-test ratio. (Round answers to 2 decimal places, e.g. 15.75.) Current ratio :1 Acid-test ratio :1 eTextbook and Media List of Accounts Save for Later Using multiple attempts will impact your score. 40% score reduction after attempt 4 Attempts: 0 of 5 used Submit