Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 6,850 263,000 20,200 392,000 24,750 115,000 30,000 0 5,900 During the month of July, the company had the following activities: a. Issued 3,000 shares of common stock for $300,000 cash. b. Borrowed $44,000 cash from a local bank, payable in two years. c. Bought a building for $165,000; paid $49,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $180,000. e. Purchased supplies for $19.500 on account. 5. Prepare a classified balance sheet at July 31. Include Retained Earnings on the balance sheet even though the account has a zero balance.