Prepared a classified Balance Sheet from the information listed below

There are five contra accounts in the list, but only 4 have companion accounts

Make sure you pair all contra accounts with their companion account

(Example:make sure AFDA is paired with Accounts Receivable)

Make sureyou use all of your headings and not just noncurrent assets

(Example:Long term investments)

After you prepare the Classified Balance Sheet, calculate:

A.The current ratio

B.Working Capital

C.The quick ratio

D.The debt to asset ratio

E.The debt to equity ratio

Additional paid in capital in excess of par (PIC) 9,300

Accounts Receivable 13,800

Dividends Payable 1,800

Building 50,000

Bonds Payable(due in 2025) 29,000

Retained earnings 20,800

Office Supplies 1,900

Current portion of long term debt 4,200

Accumulated depreciation- equipment 8,300

Accumulated other Comprehensive Income 5,000

Patent (net)2,400

Notes Payable (due in 2021) 17,000

Inventory 24,400

Sinking fund for bond retirement 4,000

Accounts Payable 16,500

Prepaid Insurance 900

Discount on Bonds Payable 2,000

Common stock ($10 par) 15,000

Equipment 29,000

Allowance for Doubtful accounts (AFDA) 700

Preferred stock, $50 par 10,000

Accumulated depreciation - Building 12,400

Interest payable 2,900

Investment in held-to-maturity 9,000

Cash 8,200

Treasury stock 1.500

Accrued wages 3,700

Land 9,500

Hint:Total assets should equal:$131,700