Balance Sheet The following is an alphabetical list of Lloyd's Hudson Dealership Inc.'s December 31, 2019, balance sheet accounts and amounts: Accounts Payable $20,900 Finished Goods $23,800 Accounts Receivable 15,300 Income Taxes Payable 8,900 Accrued Pension Cost 13,300 Interest Payable 500 Accumulated Depreciation: Buildings 32,400 Investment in Available-for-Sale Securities 16,400 Accumulated Depreciation: Machinery and Equipment 30,000 Land 17,000 Accumulated Other Comprehensive Income 2,000 Machinery and Equipment 57,800 Additional Paid-In Capital on Common Stock 16,300 Marketable Securities (short-term) 8,400 Additional Paid-In Capital on Preferred Stock 7,000 Notes Payable (short-term) 5,000 Allowance for Doubtful Accounts 1,000 Patents (net) 8,600 Bond Sinking Fund 7,700 Preferred Stock, $100 par 30,000 Bonds Payable (due 2027) 29,000 Prepaid Insurance 2,600 Buildings 92,500 Raw Materials 10,100 Cash 7,200 Retained Earnings 28,100 Common Stock, $10 par 44,100 Unearned Rent 5,000 Deferred Taxes Payable 2,800 Wages Payable 2,700 Discount on Bonds Payable 2,500 Work in Process 14,700 Dividends Payable 5,600 Required: 1. Prepare a properly classified balance sheet for Lloyd's Hudson Dealership as of December 31, 2019.LLOYD'S HUDSON DEALERSHIP INC. Balance Sheet December 31, 2019 Assets Current Assets: $ Inventory $ Total current assets $ Long-Term Investments: Total long-term investments Property, Plant, and Equipment: $ $ Total property, plant, and equipment Intangible Assets: Total Assets $ Liabilities Current Liabilities: Total current liabilities $Long-Term Liabilities: Total long-term liabilities Other Liabilities: Total Liabilities Shareholders' Equity Contributed Capital: Total contributed capital Total shareholders' equity Total liabilities and shareholders' equity $ 2. Next Level Compute the current ratio. Round your answer to two decimal places. The current ratio indicates that Lloyd has $ in for every $ in