- This question: 1 point(s) possible The accounting records of Arroya Foods, Inc., include the following items at December 31, 2021: Mortgage note payable, Total assets $ 4,600,000 current portion $ Accumulated depreciation, 92,000 455,000 163,000 Leases payable (long-term) Bonds payable, long-term 375,000 equipment Discount on bonds payable (all long-term) Mortgage note payable 28,000 Inna torm 212 000 Onorating inomo 10.no 1. Show how each relevant item would be reported on the Arroya Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities. 2. Answer the following questions about Arroya Food's financial position at December 31, 2021: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? 3. 4. expense? How many times did Arroya Foods cover its interest expense during 2021? Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation