Additional information: Mabel's Piano Tuning is a company that specializes in plano tuning and repair. Mabel's Piano Tuning employs 11 specially trained piano tuners who will, upon request, drive to a client's location and individually tune or repair cach piano Presented below is the December 31, 2020 pre-closing trial balance for Mabel's Piano Tuning, 1. Prepare a classified balance sheet as of December 31, 2020 in good form like you would present it to a client (i... proper heading, dollar signs, underlining, no abbreviations). 2. Calculate working capital and the current ratio. (round the ratio to 2 places past the decimal) Account Title Debit 37,000 Cash 55,500 10,235 Accounts receivable Allowance for doubtful accounts 7,900 Inventories 11,900 Notes receivable 6,765 Prepaid insurance 4,500 550 Equipment Accumulated depreciation equipment 100,000 27,000 Vehicles Accumulated depreciation vehicles 33,000 Investments 12,000 19,875 Copyrights 950 Accounts payable 1,200 Interest payable 8,000 Uncamed revenue 2,100 Taxes payable 22,000 Wages payable 12,000 Notes payable 11,000 Common stock 173,405 Additional paid-in capital in excess of par Retained earnings 5,700 Treasury stock 14,050 288,315 Accumulated other comprehensive incomo(loss) 288,315 1. The cash account includes the following items: A commercial checking account at Andante Bank 9.500 A certificate of deposit that matures in 30 days 1,200 Overdraft balance in a commercial checking account at Allegro Bank 50 A petty cash fund 150 A money market fund with check writing privileges 2,000 A certificate of deposit that matures in 180 days 2,700 A separate cash fund restricted for the purchase of a vehicle in 2 years 21,500 2. The investments account includes the following items: Investments in bonds that mature February 15, 2021 3.000 Investments in common stock that Mabel's intends to hold several years 24,000 Mabel's purchased commercial paper in Arpeggio Inc, due in 29 days 61,000 3. The equipment account contains 52,100 of assets which are held for speculation. 4. The notes payable account consists of the following separute notes: A $2,000 note due in six months A $8,000 note due in six years A $12,000 note due in three equal annual installments beginning January 2, 2021 5. The common stock account represents 12,000 shares issued of $1 par value common stock. The company has 30,000 shares authorized and 10,000 shares are currently outstanding 6. The treasury stock consists of 2,000 shares which are recorded at cost, Additional information: Mabel's Piano Tuning is a company that specializes in plano tuning and repair. Mabel's Piano Tuning employs 11 specially trained piano tuners who will, upon request, drive to a client's location and individually tune or repair cach piano Presented below is the December 31, 2020 pre-closing trial balance for Mabel's Piano Tuning, 1. Prepare a classified balance sheet as of December 31, 2020 in good form like you would present it to a client (i... proper heading, dollar signs, underlining, no abbreviations). 2. Calculate working capital and the current ratio. (round the ratio to 2 places past the decimal) Account Title Debit 37,000 Cash 55,500 10,235 Accounts receivable Allowance for doubtful accounts 7,900 Inventories 11,900 Notes receivable 6,765 Prepaid insurance 4,500 550 Equipment Accumulated depreciation equipment 100,000 27,000 Vehicles Accumulated depreciation vehicles 33,000 Investments 12,000 19,875 Copyrights 950 Accounts payable 1,200 Interest payable 8,000 Uncamed revenue 2,100 Taxes payable 22,000 Wages payable 12,000 Notes payable 11,000 Common stock 173,405 Additional paid-in capital in excess of par Retained earnings 5,700 Treasury stock 14,050 288,315 Accumulated other comprehensive incomo(loss) 288,315 1. The cash account includes the following items: A commercial checking account at Andante Bank 9.500 A certificate of deposit that matures in 30 days 1,200 Overdraft balance in a commercial checking account at Allegro Bank 50 A petty cash fund 150 A money market fund with check writing privileges 2,000 A certificate of deposit that matures in 180 days 2,700 A separate cash fund restricted for the purchase of a vehicle in 2 years 21,500 2. The investments account includes the following items: Investments in bonds that mature February 15, 2021 3.000 Investments in common stock that Mabel's intends to hold several years 24,000 Mabel's purchased commercial paper in Arpeggio Inc, due in 29 days 61,000 3. The equipment account contains 52,100 of assets which are held for speculation. 4. The notes payable account consists of the following separute notes: A $2,000 note due in six months A $8,000 note due in six years A $12,000 note due in three equal annual installments beginning January 2, 2021 5. The common stock account represents 12,000 shares issued of $1 par value common stock. The company has 30,000 shares authorized and 10,000 shares are currently outstanding 6. The treasury stock consists of 2,000 shares which are recorded at cost