Below is an alphabetical list of the adjusted accounts of Dunder Tour Company at its year end, December 31, 2021. All accounts have normal balances.

Calculate capital account balance; prepare classified balance sheet and calculate liquidity ratios.

Accounts payable		$ 7,300		Interest receivable		$ 100
Accounts receivable		3,500		Interest revenue		1,100
Accumulated depreciationequipment		15,000		Notes payable		40,000
Cash		4,500		Notes receivable		18,400
Depreciation expense		10,000		Patents		15,000
Equipment		50,000		Prepaid insurance		2,900
F. Dunder, capital		17,300		Service revenue		65,000
F. Dunder, drawings		33,000		Short-term investments		2,700
Insurance expense		1,500		Supplies		3,100
Interest expense		2,800		Supplies expense		2,400
Interest payable		700		Unearned revenue		3,500

Additional information:

1. In 2022, $3,000 of the notes payable becomes due.
2. The note receivable is due in 2023.
3. On July 18, 2021, Fred Dunder invested $3,200 cash in the business.

Instructions

a. Calculate the post-closing balance in F. Dunder, Capital on December 31, 2021.

b. Prepare a classified balance sheet.

c. On December 31, 2020, Dunder Tour Company had current assets of $17,400 and current liabilities of $22,300. Calculate the company's working capital and current ratio on December 31, 2020, and December 31, 2021.

d. On December 31, 2020, the total of Dunder Tour Company's cash, short-term investments, and current receivables was $15,600. Calculate the company's acid-test ratio on December 31, 2020, and December 31, 2021.