Lara O'Laughlin Dance Studio Company Trial Balance August 31, 2024 Balance Data table Requirements 1. Prepare the classified balance sheet of Lara O'Laughlin Dance Studio Company at August 31, 2024. Use the report form. You must compute the ending balance of Retained Earnings. 2. Compute O'Laughlin's current ratio at August 31, 2024. One year ago, the current ratio was 1.90. Indicate whether O'Laughlin's ability to pay current debts has improved, deteriorated, or remained the same. The adjusted trial balance of Lara O'Laughlin Dance Studio Company follows: (Click the icon to view the adjusted trial balance.) Read the eauirements. Requirement 1. Prepare the classified balance sheet of Lara O'Laughlin Dance Studio Company at August 31,2024. Use the report form. You must compute the ending balance of Retained Earnings. Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the stockholders' equity