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Skysong Inc. had the following balance sheet at December 31, 2024. During 2025, the following...

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Accounting

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Skysong Inc. had the following balance sheet at December 31, 2024. During 2025, the following occurred. 1. Skysong Inc. sold part of its debt investment portfolio for $18,399. This transaction resulted in a gain of $6,799 for the firm. The company classifies these investments as available-for-sale. 2. A tract of land was purchased for $17,640 cash. 3. Long-term notes payable in the amount of $19,399 were retired before maturity by paying $19,399 cash. 4. An additional $23,399 in common stock was issued at par. 5. Dividends of $11,599 were declared and paid to stockholders. 6. Net income for 2025 was $36,640 after allowing for depreciation of $14,399. 7. Land was purchased through the issuance of $39,640 in bonds. 8. At December 31,2025 , Cash was $41,640, Accounts Receivable was $46,240, and Accounts Payable remained at $34,640. Xor in parenthesis Prepare an unclassified balance sheet as it would appear at December 31, 2025. (List Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) Compute two cash flow ratios. (Round ratios to 2 decimal places, e.g. 0.62:1.) Current cash debt coverage ratio :1 Cash debt coverage ratio :1

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