what is incomplete?

The following information applies to the questions displayed below) Higgins Company began operations last year. You are a member of the management team investigating expansion ideas that will require borrowing funds from banks. At the start of the current year, Higgins's T-account balances were as follows: Assets: Cash 5.000 Short-Term Investments 2.500 Property and Equipment 3.000 Liabilities: Short-Term Notes Payable Long-Term Notes Payable 2,200 800 Common Stock Additional Paid in Capital Retained Earnings 500 4,000 3,000 The following transactions occured in current year a. Borrowed $4,000 from a local bank, signing a note due in three years b. Sold $1,500 of the investments for $1,500 cash c. Sold one-half of the property and equipment for $1.500 in cash. d. Declared and paid $800 in cash dividends to stockholders. 14. value: 5.88 points E2-15 Part 1 Required: 1. Using the data from these T-accounts, determine the amounts for the following on January 1 of the current year: Assets $ 10,500 = Liabilities $ 3,000 + Stockholders' Equity $ 7,500 Beg. Bal 5,000 Beg. Bal. 2,500 800 (d) 1,500 (0) (b) (c) 4,000 1,500 1,500 End, Bal 11,200 End. Bal 1,000 Beg. Bal. Property & Equipment 3,000 1.500 (c) Short-term Notes Payable 2,200 Beg. Bal. End. Bal. 1,500 End. Bal 2.200 Long-term Notes Payable 800 Common Stock Beg. Bat Beg Bal 500 4,000 (a) End. Bal. 4,800 End. Bal 500 Additional Paid-in Capital 4,000 Beg Bal. Retained Earnings 3,000 Beg. Bal. (d) 800 End. Bal. 4,000 End. Bal. 2,200 E2-15 Part 3 3. Compute ending balances in the T-accounts to determine amounts for the following on December 31 of the current year: Assets $ 13,700 Liabilities $ 7,000 + Stockholders' Equity 6,700 17. value: 5.92 points E2-15 Part 4 4. Calculate the current ratio at December 31 of the current year. (Round your answer to 2 decimal places.) Current ratio 1.50 E2-15 Part 2 2. Enter the above current year transactions in the T-accounts: Cash Short-term Investments Beg. Bal 2,500 Bog. Bal. (a) 5,000 4,000 800 (d) 1,500 (b) (b) 1,500 1,500 (c) End. Bal. 11,200 End. Bal. 1,000 Property & Equipment 3,000 Short-term Notos Payable 2,200 Beg. Bal. Beg. Bal. 1,500 (c) End. Bal. 1,500 End. Bal. 2,200 Common Stock Beg. Bal. Long-term Notes Payable 800 4,000 (a) 500 Beg. Bal. 4,800 End. Bal 500 End. Bal