East Hill Home Healthcare Services was organized by four friends who each invested $17,000 in the company and, in turn, was issued 8,300 shares of $1.00 per value stock. To date, they are the only stockholders At the end of last year, the accounting records reflected total assets of S751,000 ($56,000 cash $518,000 land: $60,000 equipment, and $117.000 buildings), total liabilities of $228,000 (short-term notes payable of $111.000 and long-term notes payable of $117.000), and stockholders' equily of $523,000 ($24,000 of common stock, 596,000 of additional paid in capital, and $403,000 retained earnings). During the current your the following summarized events occurred: Sold 9,600 actional shares of stock to the original organizers for a total of 108.000 cash h Purchased a bulding for $86.000, equipment for $17.000, and four acres of land for $15.000 paid $10,000 in cash and signed a note for the balance (due in 15 years). (Hint Five different accounts are affected) c. Sold one acre of land acquired in () for $3.750 cash to another company d. Purchased short-term investments for $20.000 cash One stockholder reported to the company that 10 shares of his East Halstock had been sold and transferred to another stockholder for $3.500 cash. 1. Let one of the shareholders $5.200 for moving costs receiving a signed month note from the shareholder Required: 1. Was East Hill Home Healthcare Services organized as a sole proprietorship, a partnership, or a corporation? Sole proprietorship Partnere Corporation 2. During the current year, the records of the company were inadequate. You were asked to prepare the summary of the preceding transactions. To develop a quick assessment of their economic effects on East Home Healthcare Services you have decided to complete the tabulation that follows and to use plus (+) for increases and minus (-) for decreases for each account. The fast event is used as an example Cash Budinge Equipment 00.000 short-Term Long Term Notes Payable Pay 111.000 1000 14.000 318.000 Stockholders' Equity Common Anal Paldin Capital 2.000 6.000 03.000 e DOO 0,400 (0) 08.000 33525 d ce 4000 0 0 6100 117.000 0.000 111.000 117,000+ 33.600 1.400 403.000 4. Based only on the completed tabulation, provide the following amounts: b. Total assets at the end of the year. Total liabilities at the end of the year. Total stockholders' equity at the end of the year. Cash balance at the end of the year. Total current assets at the end of the year d 6. Compute the current ratio for the current year. (Round your answer to 2 decimal places.) Current rato