i Requirements - X 1. Prepare the classified balance sheet of Carrie O'Connell Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of Retained Earnings. 2. Compute O'Connell's current ratio at August 31, 2018. One year ago, the current ratio was 1.56. Indicate whether O'Connell's ability to pay current debts has improved, deteriorated, or remained the same. Print Done Data Table X ollows: Carrie O'Connell Dance Studio Company Trial Balance ell Dance August 31, 2018 alance o e the liabili Account Title Balance Debit Credit Cash 13,400 1,900 1,000 47,000 5,000 4,900 Office Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends 300 4,400 4,000 15.500 21,600 800 Service Revenue Saree Funenes 16.900 4 A nd then click Print Done Clear All i Data Table S: 1,900 1,000 ance 47,000 pland liabili 5,000 4,900 Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue 300 4,400 4,000 15,500 21,600 800 16.900 4,800 1,800 Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 200 1,200 500 Total 72,600 $ 72,600 then click Print Done Clear A Requirement 1. Prepare the classified balance sheet of Carrie O'Connell Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of Roland Earnings Begin by preparing the asset section of the balance sheet then prepare the fabilities section and finally the stockholders' equity section Carrie O'Connell Dance Studio Company Balance Sheet August 31, 2018 Assets Less