Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2023.

The following items are taken from the financial statements of Carmen Co. at December 31, 2022.

Prepare a classified balance sheet.

Land $195,600 Accounts receivable 21,700 Supplies 9,200 Cash 11,840 Equipment 82,400 Buildings 261,200 Land improvements 45,780 Notes receivable (due in 2023) 5,300 Accumulated depreciationland improvements 12,600 Common stock 75,000 Retained earnings (December 31, 2022) 495,000 Accumulated depreciationbuildings 32,600 Accounts payable 9,500 Mortgage payable 93,600 Accumulated depreciationequipment 18,720 Interest payable 3,600 Income taxes payable 14,700 Patents 46,700 Investments in stock (long-term) 71,500 Debt investments (short-term) 4,100

Also compute the current ratio and debt to assets ratio. What do the numbers mean?