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The following balance sheet items, listed in alphabetical order, are available from th records of iDot.com company at December 31, 2011. Accounts payable $ 18,255

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The following balance sheet items, listed in alphabetical order, are available from th records of iDot.com company at December 31, 2011. Accounts payable $ 18,255 Accounts receivable 69,180 22,500 40,000 112,500 Accumulated depreciation-automobile Accumulated depreciation-buildings Automobiles Bonds payable, due December 31, 2014 Buildings Capital stock, $10 par value Cash 160.000 200.000 150,000 13.230 6,200 Income taxes payable 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 10,000 Notes payable, due June 30, 2012 Office supplies Paid-in capital in excess of par value 2,340 50,000 Patents 40,000 Prepaid rent 1,500 Retained earnings Salaries and wages payable 311,095 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.com's current ratio. (2 points)

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