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 $9,900

accumulated depreciation, building $25,800

accumulated depreciation, furniture $4,300

ad expense $17,000

building $599,000

cash $17,800

depreciation expense, building $25,800

depreciation expense, furniture $4,300

furniture $44,400

interest expense $10,340

interest payable $820

janitorial expense $41,800

land $118,00

long term notes payable $370,000

notes receivables due 2023 $151,000

office salaries expense $130,625

office supplies $780

office supplies expense $6,900

brand name $3,800

prepaid advertising $480

rent revenue $406,400

rent receivable $16,800

salaries payable $3,035

utilities expense $37,520

Wyett North, capital $434,900

Wyett North, withdrawals $28,800

*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.Prepare classified balance sheet. Assume that $219,000 of the Long-Term Notes Payable will be paid during the year ended March 31, 2021. Also, $59,000 of the notes receivable will be collected by March 31, 2021.

3.Calculate the current ratio and the debt to equity ratio.(Round the final answers to 2 decimal places.)