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An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March $31,2023,$ is shown below:

Account Adjusted

Account Balance$*$

Accounts payable $ $9,200$

Accumulated depreciation, building $25,100$

Accumulated depreciation, furniture $3,600$

Advertising expense $16,300$

Building $592,000$

Cash $17,100$

Depreciation expense, building $25,100$

Depreciation expense, furniture $3,600$

Furniture $43,000$

Interest expense $10,270$

Interest payable $890$

Janitorial expense $41,100$

Land $111,000$

Long$-$term notes payable $363,000$

Notes receivable, due $2026144,000$

Office salaries expense $127,125$

Office supplies $710$

Office supplies expense $6,200$

Brand name $3,100$

Prepaid advertising $410$

Rent revenue $399,400$

Rent receivable $16,100$

Salaries payable $2,675$

Utilities expense $36,820$

Wyett North, capital $418,170$

Wyett North, withdrawals $28,100$

$*$Assume all accounts have a normal balance.

Required:

$1.$ Calculate the capital balance as it would appear on the March $31,2023,$ balance sheet.

$2.$ Prepare a classified balance sheet. Assume that $$215,500$ of the Long$-$Term Notes Payable will be paid during the year ended March $31,2024.$ Also, $$55,500$ of the notes receivable will be collected by March $31,2024.$ The office supplies are expected to be used within the next month and the prepaid advertising relates to an advertising campaign expected to take place in June.

$3.$ Calculate the current ratio and the debt to equity ratio. $($Round the final answers to $2$ decimal places.$)$

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