Can you help me to answer these please and thank you.

urrent Attempt in Progress On May 1, 2020, Christina Fashions borrowed $108,000 at a bank by signing a four-year, 6% loan. The terms of the loan require equal principal payments of $27,000 and accrued interest at 6% due annually on April 30. The loan agreement requires the company to maintain a minimum current ratio of 2.0. The December 31, 2020. year-end statement of financial position, immediately prior to the reclassification of long-term debt, follows: Current assets Non-current assets $137,800 165,200 Current liabilities Loan payable Common shares Retained earnings Total liabilities and shareholders' equity $53,000 108.000 73,000 69,000 Total assets $303,000 $303,000 Your answer is correct. Does Christina Fashions comply with the bank's current ratio requirement prior to recording the accrued interest and reclassification of the current portion of the long-term loan? (Round answer to 1 decimal place, ag. 1.2.) Current ratio 26 Christina Fashions meets the bank's minimum current ratio, list of counts Debit Credit Account Titles and Explanation Interest Expense 64,8 Interest Payable 64.8 List of Accounts Your answer is correct Prepare the journal entries to reclassify the portion of the long-term loan as current. (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 entero for the amounts.) Debit Credit Account Titles and Explanation Long-Term Loan Payable 27,000 Current Portion of Long-Term Debt 27.000 list of Accounts Your answer is partially correct. Does Christina Fashions breach the bank's current ratio requirement after preparing the journal entries above? (Round answer to 2 decimal places, eg. 1.25.) Current ratio Christina Fashions does not meet the bank's minimum current ratio. List of Accounts