Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts. Account Name Accounts Payable Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Salaries and Wages Payable Supplies Balance $ 3,200 4,250 39,000 52,000 24,900 37,000 000 4,200 350 2,600 Description Payment is due in 30 days Includes cash in register and in bank account Stock issued in exchange for owners' contributions Includes deep fryers, microwaves, dishwasher, etc. Held for future site of new restaurant Payment is due in six years Total earnings through September 30 Payment is due in 7 days Includes serving trays, condiment dispensers, etc. Required: 1. Using the above descriptions, prepare a classified balance sheet at September 30. 2. Calculate CCC's current ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the above descriptions, prepare a classified balance sheet at September 30. CHARLIE'S CRISPY CHICKEN Balance Sheet Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts. Account Name Accounts Payable Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Salaries and Wages Payable Supplies Balance $ 3,200 4,250 39,000 52,000 24,900 37,000 4,200 350 2,600 Description Payment is due in 30 days Includes cash in register and in bank account Stock issued in exchange for owners' contributions Includes deep fryers, microwaves, dishwasher, etc. Held for future site of new restaurant Payment is due in six years Total earnings through September 30 Payment is due in 7 days Includes serving trays, condiment dispensers, etc. Required: 1. Using the above descriptions, prepare a classified balance sheet at September 30. 2. Calculate CCC's current ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate CCC's current ratio. (Round your answer to 2 decimal places.) CCC's Current Ratio