The following balance sheet items, listed in alphabetical order, are available from the records of iDot.com company at December 31, 2011. Accounts payable $ 18,255 Accounts receivable 69,180 Accumulated depreciation- automobile 22,500 Accumulated depreciation-buildings 40,000 Automobiles 112,500 Bonds payable, due December 31, 2014 160,000 Buildings 200,000 Capital stock, $10 par value 150,000 Cash 13,230 Income taxes payable 6,200 Interest payable 1,500 Land 250,000 Long-term investments 85,000 Notes payable, due June 30, 2012 10,000 Office supplies 2,340 Paid-in capital in excess of par value 50,000 Patents 40,000 Prepaid rent 1,500 Retained earnings 311,095 Salaries and wages payable 4,200

Prepare in good form (and proper format) a classified balance sheet as of December 31, 2011. (23 points). (Points will be taken off if not in good form and proper format.)

Compute iDot.coms current ratio. (2 points).