1. An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 31, 2020, is shown below:

Account	Adjusted Account Balance*
Accounts payable	$	9,000
Accumulated depreciation, building		24,900
Accumulated depreciation, furniture		3,400
Advertising expense		16,100
Building		590,000
Cash		16,900
Depreciation expense, building		24,900
Depreciation expenses, furniture		3,400
Furniture		42,600
Interest expense		10,250
Interest payable		790
Janitorial expense		40,900
Land		109,000
Long-term notes payable		361,000
Notes receivable, due 2023		142,000
Office salaries expense		126,125
Office supplies		690
Office supplies expense		6,000
Brand name		2,900
Prepaid advertising		390
Rent revenue		397,400
Rent receivable		15,900
Salaries payable		2,575
Utility expense		36,620
Wyett North, Capital		413,510
Wyett North, withdrawals		27,900

1. 
   *Assume all accounts have a normal balance.
   
   Required:
   1. Calculate the capital balance as it would appear on the March 31, 2020, balance sheet.
2. 
   
3. 2. Prepare a classified balance sheet. Assume that $214,500 of the Long-Term Notes Payable will be paid during the year ending March 31, 2021. Also, $54,500 of the notes receivable will be collected by March 31, 2021.
4. 
   3. Calculate the current ratio and the debt-to-equity ratio. (Round the final answers to 2 decimal places.)