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follows EA-15 Selected financial information for JPC Enterprises as at December 31, 2017, $105,600 Land Accounts payable Accounts receivable Accumulated depreciation-building Building Cash Goodwill Interest payable J. Chrowder, capital 197,000 Licences 79,900 Long-term equity investments 306,300 Mortgage payable 16,500 Notes payable 36,000 Prepaid expenses 16,500 Salaries payable 279,400 Supplies Unearned revenue Additional information: 1. All accounts have normal balances. 2. $17.250 of the mortgage payable will be paid before December 31, 2018. 3. The notes payable are payable on May 17, 2018. Instructions (a) Prepare a classified balance sheet. (b) Calculate working capital, the current ratio, and the acid-test ratio. (c) Comment on the company's liquidity follows EA-15 Selected financial information for JPC Enterprises as at December 31, 2017, $105,600 Land Accounts payable Accounts receivable Accumulated depreciation-building Building Cash Goodwill Interest payable J. Chrowder, capital 197,000 Licences 79,900 Long-term equity investments 306,300 Mortgage payable 16,500 Notes payable 36,000 Prepaid expenses 16,500 Salaries payable 279,400 Supplies Unearned revenue Additional information: 1. All accounts have normal balances. 2. $17.250 of the mortgage payable will be paid before December 31, 2018. 3. The notes payable are payable on May 17, 2018. Instructions (a) Prepare a classified balance sheet. (b) Calculate working capital, the current ratio, and the acid-test ratio. (c) Comment on the company's liquidity

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