80 Part 3 of 4 04. points Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year a Received $27,000 cash from the company's founders in exchange for common stock b. Purchased land for $9,000, signing a two-year note (gnore Interest). c. Bought two used delivery trucks at the start of the year at a cost of $9,000 each, paid $2,000 cash and signed a note due in three years for $16,000 0gnore Interest) d Paid $800 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e Stockholder Jonah Lee paid $220,000 cash for a house for his personal use. ellook Ha 4. Prepare a classified balance sheet for LDS at December 31. Include Retained Earnings on the balance sheet even though the account has a zero balance. P Referances Assets Current Assets Cash Total Current Assets Land Equipment Total Assats LASER DELIVERY SERVICES, INC. Balance Sheet At December 31 Liabilities $ 24.200 Notes Payable long-term) $ 25,000 24,200 0.000 Total Liabilities 25.000 Stockholders' Equity 10.000 Comman Stack 27,000 $2,000 Total Liannes and Stickholders Souty $ 02.000