Additional Information BE SURE TO LOOK AT YOUR BOOK OR THE SAMPLE SOLUTIONS IN BLACKBOARD WHEN DETERMINING PLACEMENT OF EACH OF THESE ITEMS 1) The Cash account includes the following items: A commercial checking account at Porky Pig Bank A commecial checking account at Tweety Bank 86,250 115,000 A commercial checking account at Bosko Bank with an overdraft balance (57,500) A Petty cash fund- 3,450 A money market fund with check writing privileges 40,250 Coins and currency 2,300 A separate cash fund restriced for construction of a new duck housing facility in 5 years 69,000 A certificate of deposit that matures in 45 days 28.750 A certificate of deposit that matures in 180 days 46,000 333,500 2) The Investments account includes the following items: Daffy Duck has purchased commercial paper in Bugs Bunny Company which is due in 30 days 27,600 Investments in common stock that Daffy Duck intends to hold several years 138.000 Investments in bonds that mature April 15, 2022 3) The equipment account contains $62,100 of assets which are currently held for sale 110,400 276,000 4) 1. The notes payable account consists of the following separate notes: a a $60,000 note due in six months b. a $216,000 note due in six years c. a $207,000 note due in three equal annual installments beginning April 30, 2022 5) The common stock account represents 289,800 shares issued of $1 par value common stock. The corporation has 402,500 shares authorized and 278,300 shares are currently outstanding 6) The Treasury stock consists of 11.500 shares which are recorded at cost Daffy Duck Corporation began operating in 1999 and is primarily in the business of selling specialty duck calls, custom duck blinds and ponds to attract ducks from all around the world (OK, the pond). Presented below is the December 31, 2021 pre-closing trial balance for Daffy Duck Corporation 1. Prepare a classified balance sheet as of December 31, 2021 in good form like you would present it to a client (.e. proper heading, dollar signs, underlining, no abbreviations). 2. Calculate working capital and the current ratio. (round the ratio to 2 places past the decimal) Cash Accounts receivable: Debits 333,500 200,100 Credits Allowance for doubtful accounts 20,700 Inventories 431,020 Prepaid insurance 20,700 Equipment 282.900 Accumulated depreciation-equipment 172,500 Machinery 772,800 Accumulated depreciation machinery 317,400 Investments 276.000 Accounts payable 82,800 Interest payable 24.840 Unearned revenue Taxes payable 124,200 49.680 Notes payable 483,000 Common stock 289.800 Additional paid-in capital in excess of par 487.140) Retained eamings 379,500 Treasury stock 34.500 Accumlated other comprehensive income(loss) 17,940 Duck call sales 201.250 Cost of goods sold 99.000 Utilities expense 69,350 Advertising expense 95,000 52.632.810 $ 2.632.810