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East HIII Home Healthcare Services was organized five years ago by four friends who each Invested $$12,000$ in the company and, In turn, were issued In total $8,800$ shares of $$1\mathrm{.}00$ par value common stock. To date, they are the only stockholders. At the end of last year, the accounting records reflected total assets of $$729,000[$ $$56,000$ cash; $$514,000$ land; $$53,000$ equipment; and $$106,000$ bullidngs$),$ total llabilitles of $$212,000($short$-$term notes payable $$106,000$ and long$-$term notes payable $$106,000),$ and stockholders' equity of $$517,000($$$22,000$ common stock; $$90,000$ additlonal pald$-$In capital; and $$405,000$ retained earnings$).$ During the current year, the following summarized events occurred:

a$.$ Sold $9700$ additional shares of stock to the original organizers for a total of $$97,000$ cash.

b$.$ Purchased a bullding for $$59,000,$ equipment for $$19,000,$ and four acres of land for $$24,000$; pald $$15,000$ in cash and signed a note for the balance $($due in $15$ years$).($Whi: Flve different accounts are affected.$)$

c$.$ Sold one acre of land acquired in $($b$)$ for $$6,000$ cash to another company.

d$.$ Purchased short$-$term inwestments for $$15,500$ cash.

e$.$ One stockholder reported to the compary that $350$ shares of his East HIII stock had been sold and transferred to another stocknoider for $$3,300$ cash.

t$.$ Lent one of the shareholders $$$500,30$ for moving costs and recelved a signed, six$-$month note from the shareholder.

$9.$ Borrowed $$11,000$ trom a local bank, signed a note due in stx months.

Required:

Was East Hill Home Heathcare Servces organized as a sole proprietorship, a partnership, or a corporatlon?

During the current year, the records of the company were inadequate vou were asked to prepare the summary of transactions shown above. To develop a q isk ass$$sisment of thelr economic effects on East. Hill Home Healthcare Services, complete the tabulavion that follows. The tist event is used as an example.

Based only on the completed tabueilon, orovide the to owing amounts.

Compute the current ratio for the currenc year:

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[\backslash$table$[[$Required$],[1]],$Required,Required,Required$]]$

Based only on the completed tabulation, provide the following amounts.

$\backslash$table$[[$a$.$ Total assets at the end of the year.$],[$b$.$ Total liabilites at the end of the year.$],[$c$.$ Total stockholders equity at the end of$],[$the year.$],[$d$.$ Cash balance at the end of the year.$],[$e$.$ Total current assets at the end of the$],[$year$.]]$