b

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: -Assume all accounts have a normal balance. "Assume all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31,2023 , balance sh 2. Prepare a classified balance sheet. Assume that $212,500 of the Long-Term Notes Payable will be paid during the year ended March 31, 2024. Also, $52,500 of the notes receivable will be collected by March 31,2024. \begin{tabular}{|l|} \hline Total assets \\ \hline \end{tabular} \begin{tabular}{ll|} \hline & Total assets \\ \hline Current liabilities: & Liabilities \\ \hline \end{tabular} Total liabilities and equity 3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places