Assume Down, Incorporated, was organized on May $1$ to compete with Despair, Incorporated$-$a company that sells demotivational posters and office products. Down, Incorporated, encountered the following events during its first month of operations.

a$.$ Received $$33,000$ cash from the investors who organized Down, Incorporated

b$.$ Borrowed $$18,000$ cash and signed a note due in two years.

c$.$ Ordered equipment costing $$15,000.$

d$.$ Purchased $$9,000$ in equipment, paying $$2,000$ in cash and signing$\_$a six$-$month note for the balance.

e$.$ Received the equipment ordered in $($c$),$ paid for half of it$,$ and put the$-$rest on account.

$3.$ Prepare a classified balance sheet at May $31.$ Include Retained Earnings with a balance of zero.