4 Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has on hand of $20,000 contributed by Lanni's owners. 20 points Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning softv Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts pay in the form of 2,000 shares of Microsoft stock. Lanni sells the shares of stock for $70 per share and uses part of the proceeds to pay off the bank loan. a-1. Prepare its balance sheet just after it gets the bank loan. Answer is complete and correct. Assets $ Cash Computers Total Liabilities & Shareholders' Equity 70,000 Bank loan 50,000 30,000 Shareholders' equity 50,000 100,000 Total $ 100,000 $ 4 Answer is complete and correct. Ratio of real to total assets 1.0 20 points C-1. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. X Answer is complete but not entirely correct. Assets Liabilities & Shareholders' Equity Bank loan $ 50,000 $ 125,000 Microsoft shares Computers Total 30,000 Shareholders' equity 155,000 Total 105,000 X 155,000 $ $ c-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Ratio of real to total assets 0.20 X