The accounts of Bolton Travel at December 31, 2014, are listed in alphabetical order:

Required
1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Prepare the company's classified balance sheet in report format at December 31, 2014.
2. Compute Bolton Travel's current ratio and debt ratio at December 31, 2014. At December 31, 2013, the current ratio was 1.52 and the debt ratio was 0.37. Did Bolton Travel's ability to pay both current and total debts improve or deteriorate during 2014?

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Accounts Payable. $ 15,300 Interest Payable. $4,300 19,800 Interest Receivable. Accounts Receivable. 1,600 Land. Accumulated 62,500 Amortization-Building. 113,400 Notes Payable, Long-Term. Accumulated Amortization- 91,400 Fumiture. 34,800 Notes Receivable, 6,600 Advertising Expense.. Long-Term. 12,500 Amortization Expense. 3,900 Other Assets. 9,300 Building. 313,200 Other Current Liabilities. 14,100 Cash.. 25,000 Prepaid Insurance 3,300 Commission Revenue. 280,500 12,700 Prepaid Rent E. Bolton, Capital. 209,400 Salary Expense. 73,800 E. Bolton, Withdrawals 143,800 Salary Payable. 6,700 Furniture. 68,100 Supplies. 8,500 Insurance Expense 2,400 Supplies Expense.. 17,100 Unearned Commission Revenue .. 14,200 -