Part 4 - Balance Sheet ***** The Balance Sheet is incomplete. Sterling has almost completed his balance sheet, but needs help with the following 4 pieces of information. Please add the information below and complete Sterling's balance sheet on the next page. 1. He has a balance of $5,400 in his checking account 2. He owes the feed store$4,200 3. Currently owns $4,000 worth of breeding bulls used in the cow-calf operation. 4. Lastly, Sterling owes $38,000 on the cow note amount left on note to be paid in next 6 years) Balance Sheet Questions: Complete the Balance Sheet and answer the questions. 1. What is the amount of owners' equity Sterling Peters has on 2/15/2021? 2. What is the debt-to-asset ratio? 3. Calculate the current ratio. 4. Calculate working capital. Balance Sheet Sterling Peters As of February 15, 2021 Assets Liabilities Current Liabilities: Currrent Assets: Hay Wheat (growing) Calves Account Receivable Stocks $3,750 6,300 26,950 1,600 13,000 Principle & Interest Due Mortgage Cow Loan 14,000 9,000 Total Current Assets Total Current Liabilities Fixed Assets Buildings/Improvements Machines/Equipment Land Cows Long-Term Liabilities Equipment Note Payable Mortgage 52,000 208,000 48,000 96,000 571,200 68,900 Total Fixed Assets Total Long-Term Liabilities Total Liabilties Net Worth $519,900 Total Assets Total Liabilities and Net Worth 4/5