PART B-Question 3 (20 marks) Use the following to answer questions 1 and 2 below Below is the year-end adjusted trial balance of the ledger of Big Bright Lights Electric. Big Bright Lights Electric Adjusted Trial Balance Dec 31, 20XX Cash Accounts receivable Prepaid rent Prepaid insurance Office supplies Office equipment Accumulated amortization, equipment Building Accumulated amortization, building Land Accounts payable Salaries payable Interest payable Long-term note payable Margarita Acosta, capital Margarita Acosta, withdrawals Service fees earned Salaries expense Insurance expense Rent expense Amortization expense Amortization expense, building Totals $100,000 7,000 15,000 9,000 3,300 8,000 $3,200 350,000 42,000 700,000 14,500 2,500 52,000 1,010,000 200,500 90,000 5,000 370,800 , equipment $1.500.800 $1.500.800 on the long-term note 1. Prepare a classified year-end balance sheet. A $7,000 installment payable is due within one year. 2. Using the information from Big Bright Light Electric, calculate the current ratio