The Marshall Fields Store is located in Downtown Chicago. At the end of the I company's fiscal January 31, 2020 the following trial balance was prepared. Great Store Trial Balance January 31, 2020 Cr Dr 17,000 30,500 29,000 3,500 146 000 45,000 25,200 4,500 2,500 37,000 40,000 61,700 10,000 Account Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation - Equipment Accounts Payable Sales Commissions Payable Real Estate Taxes Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Interest Revenue Cost of Goods Sold Salaries and Wage Expense Rent Expense Sales Commission Expense Depreciation Expense Income Tax Expense Utilities Expense Insurance Expense Shipping Expense Interest Expense Property Tax Expense los interes purchase Chmut Flash Bullet Request Account Cash Accounts Receivable inventory Prepaid Insurance Equipment Accumulated Depreciation - Equipment Accounts Payable Sales Commissions Payable Real Estate Taxes Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Interest Revenue Cost of Goods Sold Salaries and Wage Expense Rent Expense Sales Commission Expense Depreciation Expense Income Tax Expense Utilities Expense Insurance Expense Shipping Expense Interest Expense Property Tax Expense 700,000 8,000 8.000 I 507,000 96,000 15,000 11,000 11,000 9,000 8,500 7,000 6,500 6,400 2,500 923,900 923,900 Required a) Prepare a classified balance sheet in good form b) Calculate the current ratio Show your work. W P RA MacBook Air The Marshall Fields Store is located in Downtown Chicago. At the end of the I company's fiscal January 31, 2020 the following trial balance was prepared. Great Store Trial Balance January 31, 2020 Cr Dr 17,000 30,500 29,000 3,500 146 000 45,000 25,200 4,500 2,500 37,000 40,000 61,700 10,000 Account Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation - Equipment Accounts Payable Sales Commissions Payable Real Estate Taxes Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Interest Revenue Cost of Goods Sold Salaries and Wage Expense Rent Expense Sales Commission Expense Depreciation Expense Income Tax Expense Utilities Expense Insurance Expense Shipping Expense Interest Expense Property Tax Expense los interes purchase Chmut Flash Bullet Request Account Cash Accounts Receivable inventory Prepaid Insurance Equipment Accumulated Depreciation - Equipment Accounts Payable Sales Commissions Payable Real Estate Taxes Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Interest Revenue Cost of Goods Sold Salaries and Wage Expense Rent Expense Sales Commission Expense Depreciation Expense Income Tax Expense Utilities Expense Insurance Expense Shipping Expense Interest Expense Property Tax Expense 700,000 8,000 8.000 I 507,000 96,000 15,000 11,000 11,000 9,000 8,500 7,000 6,500 6,400 2,500 923,900 923,900 Required a) Prepare a classified balance sheet in good form b) Calculate the current ratio Show your work. W P RA MacBook Air