Question 4 View Policies Current Attempt in Progress Selected financial information for Sheridan as at December 31, 2021, follows: $209,000 Land $104,000 Accounts payable Accounts receivable 190,000 Licences 59.000 Accumulated depreciation-building 75,000 44,000 Building 258,000 Long-term equity investments Mortgage payable Notes payable 220.000 Cash 15,500 54,000 Goodwill 35.000 6.900 Prepaid expenses Salaries payable Interest payable 17.000 28,500 J. Chrowder, capital 92.400 Supplies 11.000 Unearned revenue 27.500 Additional information: 1. All accounts have normal balances 2 516,000 of the mortgage payable will be paid before December 31, 2022 3. The notes payable are payable on May 17 2022. ent Prepare a classified balance sheet. (List Current Assets in order of liquidity List Property, Plant and Equipment in order of Land, Building and Equipment) SHERIDAN Balance Sheet Assets v v 1133 AM it FNG Liabilities and Owner's Equity v > > $ e Textbook and Media Calculate working capital, the current ratio, and the acid-test ratio. (Round current ratio and acid-test ratio answers to 2 decimal places, eg 1.75-1. Enter negative amounts using alther negative sign preceding the number eg. -45 or parentheses eg. (45).) Working capital 5 Current ratio :1 Acid-test ratio :1 e Textbook and Media Identify the company's liquidity. The company's liquidity is