Injection Plastics Company has been operating for three years. At December 31,2023 , the accounting records reflected the following: During the year 2024 , the following summarized transactions were completed: a. Purchased equipment that cost $18,400; paid $6,200 cash and signed a one-year note for the balance. b. Issued 2,200 additional shares for $13,200 cash. c. Lent \$7,200 to a manager, who signed a two-year note. d. Purchased short-term investments for $9,200 in cash. e. Paid $5,200 on the note in transaction (a). t Borrowed \$12,200 cash on December 31, 2024, from the bank and signed a note, payable June 30, 2025. g. Purchased a patent (an intangible asset) for $3,200 cash. h. Bulit an addition to the factory for $25,600; paid $9,200 in cash and signed a three-year note for the balance. i. Hired a new president at the end of the year. The contract was for $86,000 per year plus options to purchase company shares at a set price based on company performance. j. Returned defective equipment to the manufacturer, receiving a cash refund of $1,200. A Answar is not comnlete. 5. Prepare o classified statement of financial position at December 31.2024 6. Compute the current ratio at December 31, 2024. (Round the final answer to 2 decimal places.)