question 38 attached in ss belowthanks for helpappreicatedij2oghj2hio2requiretnsowh The accounts of Whiteglove Services, Inc., at January 31, 2021, are listed in alphabetical order.(Click the icon to view the accounts.)Less:Requirement 1. Prepare the company's classified balance sheet at January 31, 2021. Complete the assets section in the first step, followed by the liabilities section in the second step, and the shareholders' equity section in the third step. (If an input field is not used in the balance sheet leave the field empty; do not select a label or enter a zero.)Whiteglove Services, Inc.Balance SheetJanuary 31, 2021AssetsLiabilitiesStockholders' Equity0⁰⁰000000Data tableAccounts payableAccounts receivableAccumulated depreciation, equipmentAdvertising expenseCashCommon stockCurrent portion of long-term note payableDepreciation expense equipmentDividends declaredEquipmentS12,70016,8001,9002,000COInterest expenseNote payable, long-term6,90011,00017,100 Retained earnings, January 31, 20201,800Salary expenseSalary payableService revenuePrintOther assets, long-termPrepaid expenses11,500 Supplies43.600 Supplies expenseThe Retained Earnings T-account is shown below:(Click the icon to view the T-account.)Read the requirements.Uneared service revenueDone$30015,60014,3005,10013,30027,8003,40099,0003,2004,4002,500XReferenceExpensesDividendsRequirementsRetained Earnings45,500 Balance, January 31, 202011,500 RevenueBalance January 31, 2021PrintPrintDone1. Prepare the company's classified balance sheet at January 31, 2021.2. Calculate Whiteglove's net working capital, current ratio, and debt ratio atJanuary 31, 2021, rounding to two decimal places. At January 31, 2020, networking capital was $21,000, the current ratio was 1.70, and the debt ratio was0.15. Did Whiteglove's ability to pay both current and total debts improve ordeteriorate during the fiscal year? Evaluate Whiteglove's debt position asstrong or weak and give your reason.Done- X13,30099,00055,300

Classified balance sheet is one of the financial statement which shows all assets, liabilities and…

The accounts of Whiteglove Services, Inc., at January 31, 2021, are listed in alphabetical order. (Click the icon to view the accounts.) Less Requirement 1. Prepare the company's classified balance sheet at January 31, 2021. Complete the assets section in the first step, followed by the liabilities section in the second step, and the shareholders' equity section in the third step. (If an input field is not used in the balance sheet leave the field empty, do not select a label or enter a zero.) Whiteglove Services, Inc. Balance Sheet January 31, 2021 Assets Liabilities Stockholders' Equity 100000000000 Data table Accounts payable Accounts receivable Accumulated depreciation, equipment Advertising expense Cash Common stock Current portion of long-term note payable Depreciation expense-equipment Dividends declared Equipment S CD 12,700 Interest expense 16,800 Note payable, long term 6,900 Other assets, long-term 11,000 Prepaid expenses 17,100 Retained eamings, January 31, 2020 1,800 Salary expense 1,900 Salary payable 2,000 Service revenue 11,500 Supplies 43,600 Supplies expense Print The Retained Camings T-account is shown below: (Click the icon to view the T-account.) Read the requirements Uneamed service revenue Done $ 300 15.000 14,300 5,100 13,300 27,800 3,400 99,000 3,200 4,400 2,500 Reference Expenses Dividends Requirements Retained Earnings 45,500 Balance, January 31, 2020 11,500 Revenue Balance January 31, 2021 Print Print Done 1. Prepare the company's classified balance sheet at January 31, 2021. 2. Calculate Whiteglove's net working capital, current ratio, and debt ratio at January 31, 2021, rounding to two decimal places. At January 31, 2020, net working capital was $21,000, the current ratio was 1.70, and the debt ratio was 0.15. Did Whiteglove's ability to pay both current and total debts improve or deteriorate during the fiscal year? Evaluate Whiteglove's debt position as strong or weak and give your reason. Done - X 13,300 99,000 55,300 X