Balance Sheet assignment

Below are the balance sheet items for Benji Corporation. as of December $31,2024.$

Prepare a professional looking classified balance sheet.

Use proper headings, dollar signs $($not on every item$),$ underlines, no abbreviations. Present in round dollars $($Do not include the zeroes to the right of the decimal$)$

Additional Information

All accounts have normal balances

The Cash account includes the following items:

A commercial checking account at Toto National Bank

A commercial checking account at Toto National Bank with an overdraft

balance

A commercial checking account at Rin Tin Tin Bank

A commercial checking account at Scooby Dooby Do Bank with an

overdraft balance

A Petty cash fund

A money market fund with check writing privileges

Coins and currency

$100,000$

A separate cash fund restriced for construction of a new dog training facility

in $3$ years

A certificate of deposit that matures in $45$ days

A certificate of deposit that matures in $180$ days

The Investments account includes the following items:

Benji has invested in commercial paper in Lassie Company. It matures in

$30$ days

Investments in common stock that Benji intends to hold several years

Investments in bonds that mature May $7,2025$

The equipment account contains $$60,000$ of machinery which is currently under

contract to be sold. The closing date of sale is January $20,2025.$

The notes payable account consists of the following separate notes:

a$.$ a $$198,750$ note due in seven months

b$.$ a $$400,000$ note due in five years

c$.$ a $$800,000$ note due in four equal annual installments beginning March $1,2025$

Capital stock accounts $-$ you must compute the # of shares issued and outstanding:

$400,000$ shares of common stock have been authorized

$20,000$ shares of preferred stock have been authorized

The Treasury stock consists of $40,000$ shares which are recorded at cost$.$

Footnotes are not required

Compute working capital and the current ratio $($round to $2$ places$)$