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Listed below are year - end, 1 2 / 3 1 / 2 1 , account balances ( $ in thousands ) taken from the

Listed below are year-end, 12/31/21, account balances ($
in thousands) taken from the records of XYZ
Corporation.XYZ CorporationAdjusted Trial BalanceDecember 31,2021DebitCreditAccounts receivable700Building480Equipment375Cash125Inventory90Land300Notes receivable530Investments330Prepaid rent (for the next 2 years)50Supplies20Trademark50Prepaid Insurance (for the next 3 years)90Accounts payable620Accumulated depreciation- Equipment225Accumulated depreciation- Buildings180Total stockholders' equity1110Dividends payable50Income tax payable80Allowance for Doubtful Accounts55Notes payable600Interest payable60Deferred revenue160TOTALS3,1403,140Additional information and requirements:Additional information:1. Land includes land held a possible future plant site $125K
and land for the current plant site $175K.2. The notes receivable are due in 2023. The balance of $530
includes $30 of accrued interest. The next interest payment is due
in July 2022.3. Included in the investments are treasury bills of $70K that
were purchased in November 2021 and mature in January, 2022;
trading securities of $100 which are expected to be sold within the
next year. The balance represents securities expected to be held
longer than one year.4. As of 12/31/21, Stockholders' equity has common stock, $1.00
par value, authorized 300K shares, and issued 150K shares at an
average price of $4.50. The remaining balance in stockholders
equity is retained earnings.5. The note payable represents a 12% note, with interest paid
annually February 28. The note matures in installments of $100
beginning 2/28/22.6. Deferred revenue will be recognized equally over the next 24
months
1.) Prepare a classified balance sheet for XYZ Corporation at
December 31,2021. Complete the questions on the following page
about the balance sheet.2.) Calculate the following ratios :Current ratio =Debt to equity ratio =Acid-test (quick) ratio =Working capital =Thank you so so so so so so so so so much :)

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