P$3-43$A The accounts of Marciano Services Ltd$.$ at March $31,20$X$2,$ are listed in

alphabetical order. $\backslash$table$[[$Prepaid expenses,$5,300],[$Retained earnings, March $31,20$X$1,20,200],[$Salary expense,$17,800],[$Salary payable,$2,400],[$Service revenue,$94,100],[$Supplies$,3,800],[$Supplies expense,$4,600],[$Unearned service revenue,$2,800]]$ Prepare the company's classified balance sheet at March $31,20$X$2.$ Show captions for

total assets, total liabilities, and shareholders' equity.

Evaluate Marciano's debt position as strong or weak, giving your reason. Assess whether

Marciano's ability to pay both current and total debts improved or deteriorated during

$20$X$2.$ In order to complete your evaluation, compute Marciano's current and debt ratios

at March $31,20$X$2,$ rounding to two decimal places. At March $31,20$X$1,$ the current

ratio was $1\mathrm{.}30$ and the debt ratio was $0\mathrm{.}30.$