needed:

required 4 & 5

**for 4:

total assets i added up cash, short term, notes, land, building and equipment to $870,000 and it was wrong.

for total liabilties i added up short and lomg term to $280,000 and it was wrong.

for stockholder equity i added up common stock, paid in capital and retained earnings to $590,000 and it was correct

for cash balance i used the total cash as $111,500 and it was wrong.

for total current assets i added up cash, short term and notes receivable to $134,500 and it was wrong.

please help!!

East Hill Home Healthcare Services was organized five years ago by four friends who each invested $10,000 in the company and, in turn, were issued in total 8,000 shares of $1.00 par value common stock. To date, they are the only stockholders. At the end of last year, the accounting records reflected total assets of $700,000 (\$50,000 cash; $500,000 land; $50,000 equipment; and $100,000 buildings), total liabilities of $200,000 (short-term notes payable $100,000 and long-term notes payable $100,000 ), and stockholders equity of $500,000 ( $20,000 common stock; $80,000 additional paid-in capital; and $400,000 retained earnings). During the current year, the following summarized events occurred: a. Sold 9,000 additional shares of stock to the original organizers for a total of $90,000 cash. b. Purchased a building for $60,000, equipment for $15,000, and four acres of land for $14,000; paid $9,000 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 (b) for $3,500 cash to another company. d. Purchased short-term investments for $18,000 cash. e. One stockholder reported to the company that 300 shares of his East Hill stock had been sold and transferred to another stockholder for $3,000 cash. t. Lent one of the shareholders $5,000 for moving costs and received a signed, six-month note from the shareholder. g. Borrowed $8,000 from a local bank; signed a note due in six months. Required: 1. Was East Hall Home Healthcare Services organized as a sole proprietorship, a partnership, or a corporation? 2. During the current year, the records of the company were inadequate. You were asked to prepare the summary of transactions shown above. To develop a quick assessment of their economic effects on East Hill Home Healthcare Services, complete the tabulation that follows. The first event is used as an example. 4. Based only on the completed tobulation, provide the following amounts. 5. Compute the current ratio for the current year: Complete this question by entering your answers in the tabs below. Based only on the completed tabulation, provide the following amounts. Complete this question by entering your answers in the tabs below. During the current year, the resords of the company were inadequate. You were asked to prepare the summary of transactions shewn above. Fo develop a guick assessm Home Healthcare Services, complete the tabulation that follows. The first event is used as an example. Notet Enter decreases to accourts with a minus sign. Based only on the completed tabulation, provide the following amounts. Compute the current ratio for the current year. Note: Round your answer to 2 decimal places