Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firm's worksheet for the year ended December 31. 20X1. Required: 1. Prepare a classified income statement for the year ended December 31,201. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses. 2. Prepare a statement of owner's equity for the year ended December 31,201. No additional investments were made during the year. 3. Prepare a classified balance sheet as of December 31, 20x1. The mortgage payable extends for more than a year. Analyze: What is the current ratio for this business? Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet os of December 31, 20x1, The mortgage payable extends for more than a year. Prepare a classified income statement for the year ended December 31,201. The expense accounts represent warehouse expenses, selling expenses, and general and administlative expenses. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity for the year ended December 31,201. No additional investments were made during the year. Complete this question by entering your answers in the tabs below. What is the current ratio for this business? (Round your answer to 2 decimal places.)