The condensed balance sheet for Tidal Wave Sports as of January 1, 20X2 appears below. Key operating information for the year 20X2 was: sales amounted to $393,442 cost of goods sold was $204,634 operating expenses were $69,804 interest expense was $13,076 owner invested an additional $10 000 in the business and withdrew $80,000 by the end of the year. Changes in assets and liabilities included: current assets increased by $16,520 noncurrent assets decreased by $8,224 noncurrent liabilities decreased by $18 826. Required: Using this information and the January 1, 20X2 Balance Sheet: 1. Complete the classified balance sheet as of December 31, 20X2 template 2. Complete the working capital, current ratio, and debt ratio for January 1, 20X2 and December 31, 20X2 template 3. Based on your results, briefly comment on the change in the ratios calculated in (2). Assets Current assets Noncurrent assets Total assets Liabilities Current liabilities Noncurrent liabilities Total liabilities Owners Equity R. Jablonski, capital Total liabilities and owners equity $ 74,992 136,648 $211,640 $ 47,916 83,666 $ 131,582 $ 80,058 211,640