Debit Coapany Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8.000 Supplies 1,000 Prepaid Rent (3 montas) 2.500 Equipment, ast 42,000 Accounts payable Salary payable Uneamed revenue (2 month-advence) Note payable--long term Common stock Retained estings Dividends 4,000 Service revenue Salary expense 40,000 Reat expense 10,000 Supplies expense 1.500 Depreciation exper.se 5,000 Utilities expense 1.200 $4,000 2,000 2,000 14,000 10,000 14,700 75,000 Total Problem 2: Refer to gladan. Problem 1, abova.700 A Prepare the company's classilied balance sheet at the end of the year. B. Compute the company's current ratio and debt ratio at the end of the year. C. Assume the current ratio, and debt ratio Irom the previous year was 2.50 and 40 respectively. did the ratios improve or deteriorate FROM LAST YEAR