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The following selected account balances are from LightHouse Distributors' adjusted trial balance at September 30, 2021: Accounts payable $91,300 Accounts receivable 191,000 Bank indebtedness 63,800

The following selected account balances are from LightHouse Distributors' adjusted trial balance at September 30, 2021: Accounts payable $91,300 Accounts receivable 191,000 Bank indebtedness 63,800 CPP payable 7,000 El payable 3,600 HST payable 16,700 Income tax payable 40,500 Interest payable 10,400 Merchandise inventory 253,000 Mortgage payable 138,000 Notes payable 92,000 Prepaid expenses 11,500. Property taxes payable 9,400 MacBook Pro Mortgage payable 138,000 Notes payable 92.000 Prepaid expenses 11.500 Property taxes payable 9400 Unearned revenue 29,900 Vacation pay payable 12.500 Warranty liability 20.500 Workers' compensation payable 1150 Additional information L 2 3. On September 30, 2021, the unused operating line of credit is $69.000 Warranties and gift cards are expected to be redeemed within one year. Unearned revenues relate to cold but not yet redeemed Of the mortgag $10.000 Of the note payable $1,000 at the eat of each month 5 W E R 9 T 7 19 Y 9 1 O 9 A S D 1 F G H 3 K A A Z x C V B N M P 30 Mon commond command Current Liabilities LIGHTHOUSE DISTRIBUTORS (Partial) Balance Sheet September 30, 2021 Accounts Payable CPP Payable Pay Income Tax Payable Machook Pro SAY BRE 44. Q W E R T Y D 9 A S D F G H J K L Z x C V B N M 26 Non command P comme A Interest Payable Unearned Revenue Vacation Pay Payable Warranty Liability Workers' Compensation Payable Bank Indebtedness or Bank Loan Payable Unearned Revenue-Loyalty Program Tital Current Liabilities W N S SO E 4 R 5 T MacBook Pres 6 Y U D F G H x C ion command > B N M K O Part 2 Calculate LightHouse's current ratio and acid-test ratio. (Round answers to 2 decimal places, eg 15.75) Current ratio Acid-test ratio :1 eTextbook and Media List of Accounts Using multiple attempts will impact your score 40% score reduction after attempt 4 W MacBook Pro Q W E R T Y U A S D F G H Z x C H command > Attempts: 0 of 5 used S O JK L B N M 20 Com

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