Selected financial information for Sheridan Enterprises as at December $31,2024,$ follows:

$\backslash$table$[[$Accounts payable,$$107,400,$Land,$$107,400$

Additional information:

$1.$All accounts have normal balances

$2.$ $$19,200$ of the mortage payable will be paid before dec$31,2025$

$3.$the notes payable are payable on may $17,2025$

Prepare a classified balance sheet. $($List current assets in order of liquidity. List property, plant, and equipment in order of land and building.

Also calculate working capital, the cureent ratio, and the acid$-$test ratio.$($Round current ratio and acid$-$test ratio answers to $2$ decimal places, e$.$g $1\mathrm{.}75\mathrm{.}1.$ Enter negative amounts using either a negative sign preceding the number e$.$g $-45$ or parenthless.