Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1 Accounts Payable $ 7,300 Buildings 180,000 Cash 12,450 Common Stock 327,000 Equipment 42,000 Land 124,000 Notes Payable (long-term) 31,750 Retained Earnings Supplies 7,600 During the month of July, the company had the following activities: a. Issued 4,200 shares of common stock for $420,000 cash. b. Borrowed $33.250 cash from a local bank, payable in two years. c Bought a building for $153,500: paid $47,500 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $153,000. e. Purchased supplies for $19,100 on account ATHLETIC PERFORMANCE COMPANY Balance Sheet At July 31 Assets Liabilities Current Assets Cash Supplies Current Liabilities Accounts Payable 0 Total Current Liabilities Notes Payable (long-term) Total Current Assets Equipment Buildings Land Total Liabilities 0 Stockholders' Equity Common Stock Retained Earnings 0 Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ $ 0