(TCO D) The following items are taken from the financial statements of SRW Company for 2012:Cash$375,000Accounts Receivable125,000Prepaid Insurance100,000Accounts Payable88,000Unearned Service Revenue15,000Equipment, net of accumulated depreciation177,000Common Stock125,000Retained Earnings 12/31/2011106,000Long-term debt336,500Service revenue225,000Cost of Goods Sold62,500Rent expense30,000Supplies expense8,000Insurance expense18,000Instructions (a) Please create a classified Balance Sheet in good form for the year ended 2012. (25 points)(b) Please calculate the current ratio. (5 points)
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