Accounts Payable S20,900 Investment in Available for Sale $16,400 Securities 15,300Land 13.300 Machinery and Equipment 32.400Marketable Securities (short-term Accounts Receivable Accrued Pension Cost Accumulated Depreciation: Buildin Accumulated Depreciation:Machinery and Equipment Allowance for Doubtful Accounts Bond Sinking Fund Bonds Payable (due 2024) 17,000 57,800 8.400 5,000 8,600 30,000 30,000Notes Pavable (short-term 1,000 Patents (net) 7,700 Preferred Stock, $100 par 29,000 Additional Paid-in Capital, Common Stock 16,300 Buildings 92,500 Additional Paid-in Capital, 7,000 2,600 10,100 28,100 5,000 Preferred Stock Cash 7,200 aid Insurance Common Stock, S10 par Deferred Taxes Pavable Discount on Bonds Pavable Dividends Payable 44,100Raw Materials 2,800 Retained Earnin 2,500 Unearned Rent 5,600 Unrealized Increase in Value of 2,000 2,700 14,700 Available for Sale Stoch Finished Goods Income Taxes Payable Interest Payable 23,800Wages Payable 8,900 Work in Process 500 1. Prepare a properly classified balance sheet for Llyod's Hudson Dealership as of December 31, 2016. List the additional parenthetical or note disclosures (if any) that should be made for each item. 2. Compute: 1) current ratio, 2) quick ratio, 3) debt-to-equity ratio. What do they indicate about Lloyd's Hudson Dealership