Question 1 for December 31, 2019. Below is the trial balance for Bradford co. $133,250 Cash 0 Sales revenue 0 $5,206,500 FV-NI investments (Fair value 102,500) 99,450 0 Cost of goods sold 3,120,000 Bond investment amortized cost 194,350 FV-OCI investments (Fair value 190,000) 180,050 Notes payable 9 (due in 11 months) 0 63,700 Accounts payable 0 354,250 Selling expenses 1,209,000 Investment income or loss 0 8,450 Land 169,000 0 Building Wages payable 676,000 0 88,400 Accrued liabilities 0 62,400 Accounts receivable 334,750 0 Accumulated depreciation -building 0 98,800 Allowance for doubtful accounts 0 16,250 Administrative expenses 585,000 Interest expense 137,150 Inventory 446,550 Loss on sale of equipment 39,000 Correction of depreciation error prior year 26,000 0 Notes payable 9 (due in 4 years) 585,000 Equipment 390,000 0 Bonds payahle( due in 10 years) Accumulated depreciation equipment 650,000 39,000 Goodwill 104,000 0 Patents-net 126,750 Common share 525,850 Retained Earnings C 219,700 Accumulated other comprehensive income 0 52,000 $7,970,300 $7,970,300 Other information: 1. There are unlimited shares authorized and 100,000 issued and outstanding. 2. The company lawyers have just informed the company that a pending lawsuit is likely to succeed in the amount of $250,000. Required: Prepare a classified balance sheet in good form Calculate the current ratio and the debt to total asset ratio. Include a comment on the result