Question Completion Status: The adjusted trial balance for Novakowski Company as at December 31, 2021 is as follows: NOVAKOWSKI COMPANY Adjusted Trial Balance December 31, 2021 Debit Credit Cash $20,000 Accounts receivable 4,000 Prepaid insurance 7,000 Supplies 4,500 Equipment 48.000 Accumulated depreciation-equipment $ 4,800 Patents 7,500 Accumulated amortization-patent 1.500 Accounts payable 21.500 Bonds payable, due in 2023 18,000 M. Novakowski, capital 46,000 M. Novakowski, drawings 4.200 Service revenue 23.400 Salaries expense 5 200 Depreciation and amortization expense 6.300 Insurance expense 5.000 B.500 Interest expense Silis 200 SRO Click Save and Submit to scue and submi. Che Seve.Alianseng roso e allanadens Save All Adjusted Triar Balance December 31, 2021 Credit Debit $20,000 4,000 7,000 4,500 48,000 $ 4,800 7,500 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Patents Accumulated amortization-patent Accounts payable Bonds payable, due in 2023 M. Novakowski, capital M. Novakowski, drawings Service revenue Salaries expense Depreciation and amortization expense Insurance expense Interest expense 1,500 21,500 18,000 46,000 4,200 23,400 5.200 6,300 5.000 3.500 $115,200 115,200 Instructions a) Prepare a classified balance sheet for Novakowski Company. b) Calculate working capital and the current and acid-test ratios for Novakowski company. Click Save and submit tosque and submit Sauel Angere to see all ansvers. Sa