8. Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $85,000 620,000 102,000 290,000 172,000 504,000 5.000 1,026,000 8,000 During the month of July, the company had the following activities: a Issued 4,100 shares of common stock for $410,000 cash. b. Borrowed $120,000 cash from a local bank, payable in four years. Bought a building for $190,000; paid $78,000 in cash and signed a three-year note for the balance. d Paid cash for equipment that cost $102,000. e Purchased supplies for $102,000 on account. Award: 10.00 points 5. Prepare a classified balance sheet at July 31. BEARINGS & BRAKES CORPORATION Balance Sheet For the Month Ended July 31 $