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The accounting records of Path Leader Wireless include the following as of December 31, 2024: Accounts Payable $68,000 Salaries Payable $11,500 Mortgages Payable (long-term) 78,000

The accounting records of Path Leader Wireless include the following as of December 31, 2024:

Accounts Payable $68,000

Salaries Payable $11,500

Mortgages Payable (long-term) 78,000

Bonds Payable (current portion) 35,000

Interest Payable 21,000

Premium on Bonds Payable 12,000

Bonds Payable (long-term) 60,000

Unearned Revenue (short-term) 2,400

Total Stockholders' Equity 180,000

Requirements

1.

Report these liabilities on the Path Leader Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.

2.

Compute Path Leader Wireless's debt to equity ratio at December 31, 2024.

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