Below is an alphabetical list of the adjusted accounts of Cullumber Tour Company at its year end, December 31, 2021. All accounts have normal balances Accounts payable Accounts receivable Accumulated depreciation--equipment Cash Depreciation expense Equipment F. Cullumber,capital F Cullumber, drawings Insurance expense Interest expense Interest payable $7,360 3,560 15,000 4,500 10,000 50,000 17,330 33,000 1,500 2.880 780 Interest receivable Interest revenue Notes payable Notes receivable Patents Prepaid insurance Service revenue Short term investments Supplies Supplies expense Unearned revenue $100 1.100 40,000 18,430 15.030 2,900 65.030 2.700 3.100 2.400 3.500 Additional information: 2 In 2022,$5,000 of the notes payable becomes due. The note receivable is due in 2023. On July 18, 2021, Fred Cullumber invested $3,200 cash in the business. 3. Prepare closing journal entries and calculate the post closing balance in Cullumber, Capital on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Activate Wine Go to Settings (To close revenue accounts) Dec. 31 (To close expense accounts) Dec 31 (To close income summary) Dec. 31 (To close drawings accounty Active GO TO F. Cullumber, Capital Prepare a cassified balance sheet. (List Current Assets in order of liquidity) CULLUMBER TOUR COMPANY Balance Sheet Assets > C C. Activate Windo t ntng t Liabilities and Owner's Equity Activate Go to Setting On December 31, 2020, Cullumber Tour Company had current assets of $18,000 and current liabilities of $22,300. Calculate the company's working capital and current ratio on December 31, 2020, and December 31, 2021. (Enter negative amounts using either a negative sign preceding the number eg 45 or parentheses es (45). Round current ratio answers to 2 decimal places, eg. 1.76:1.) December 31, 2021 December 31, 2020 Working Capital $ $ Current Ratio -1 On December 31, 2020, the total of Cullumber Tour Company's cash, short-term investments, and current receivables was $16,300. Calculate the company's acid-test ratio on December 31, 2020, and December 31, 2021. (Round answers to 2 decimal places, eg. 1.76:1) December 31, 2021 December 31, 2020 Acid-test Ratio :1