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An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 3 1 , 2

An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 31,2023, is shown below:
Account Adjusted
Account Balance*
Accounts payable $ 8,400
Accumulated depreciation, building 24,300
Accumulated depreciation, furniture 2,800
Advertising expense 15,500
Building 584,000
Cash 16,300
Depreciation expense, building 24,300
Depreciation expense, furniture 2,800
Furniture 41,400
Interest expense 10,190
Interest payable 730
Janitorial expense 40,300
Land 103,000
Long-term notes payable 355,000
Notes receivable, due 2026136,000
Office salaries expense 123,125
Office supplies 630
Office supplies expense 5,400
Brand name 2,300
Prepaid advertising 330
Rent revenue 391,400
Rent receivable 15,300
Salaries payable 2,275
Utilities expense 36,020
Wyett North, capital 399,290
Wyett North, withdrawals 27,300
*Assume all accounts have a normal balance.
Required:
1. Calculate the capital balance as it would appear on the March 31,2023, balance sheet.
2. Prepare a classified balance sheet. Assume that $211,500 of the Long-Term Notes Payable will be paid during the year ended March 31,2024. Also, $51,500 of the notes receivable will be collected by March 31,2024.
3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places.)

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