RedBear Landscaping Company
List of Accounts
December 31, 2023
Cash	$ 6,000
Accounts Receivable	2,000
Supplies	9,000
Prepaid Rent	5,000
Equipment	22,000
Vehicles	49,000
Office Furniture	8,000
Accumulated Depreciation	14,000
Accounts Payable	7,000
Accrued Wages Payable	3,000
Note Payable (due in six months)	8,000
Loan Payable (due in five years)	29,000
Common Stock, no par	28,000
Retained Earnings	12,000
A group of four students decided to start a residential landscaping and snowplowing business, RedBear Landscaping Company (RBLC). This List of Accounts is as of the end of their first year of business.
Required:
1. From the List of Accounts, prepare a well-formatted, classified balance sheet as of the date noted.
1a. "Classified" requires having subtotals for Current Assets and for Current Liabilities. Refer to good-form FS.
2. Prove the accounting equation (must document evidence of this step).
3a. Calculate the current ratio, two decimal places always required xx.xx [analysis not required]