The accounting records of Compass Point Wireless include the following as of December​ 31, 2016​:
Accounts Payable 71,000 Salaries Payable 10,500
Mortgages Payable (long term) 80,000 Bonds Payable(current portion) 24,000
Interest Payable 17,000 Premium on Bonds Payable 10,000
Bonds Payable (long term) 64,000 Unearned Revenue (short-term) 2,400
Total Stockholders Equity 160,000
Requirements
1. Report these liabilities on the Compass Point Wireless balance​ sheet, including headings and totals for current liabilities and​ long-term liabilities.
2. Compute Compass Point ​Wireless's debt to equity ratio at December​ 31, 2016.