E4.15 (LO 3, 4) AN Selected financial information for JPC Enterprises as at December 31, 2021, follows: Prepare classified balance sheet and comment on liquidity. $105,600 98,300 45,800 Accounts payable $105,600 Land Accounts receivable 197,000 Licences Accumulated depreciation- 79,900 Long-term equity building investments Building 306,300 Mortgage payable Cash 16,500 Notes payable Goodwill 36,000 Prepaid expenses Interest payable 16,500 Salaries payable J. Chrowder, capital 279,400 Supplies Unearned revenue Additional information: 1. All accounts have normal balances. 2. $17,250 of the mortgage payable will be paid before December 31, 2022. 3. The notes payable are payable on May 17, 2022. Instructions a. Prepare a classified balance sheet b. Calculate working capital, the current ratio, and the acid-test ratio. e. Comment on the company's liquidity. 230,000 55,000 6,900 28,700 10,100 27,400