Blackboard.com/webapps/assessment/take/secured.japlockdown QUESTION 1 Lone Star Overnight, Inc. (LSO), was incorporated January 1. The following transactions occurred during the year: 1. Received $40,814 cash from the company's shareholder Amy Fowler in exchange for common stock. 2. Bought a used delivery truck at the start of the year at a cost of $11,842 paid $2,000 cash and signed a note due in three years for rest (ignore interest). 3. Stockholder Amy Fowler paid $14,934 cash for a car for her personal use. After recording these transactions, LSO's total liabilities will be $ QUESTION 2 The following are the transactions of Sheldon, Inc., for the month of January. 1. Borrowed $22,800 from a local bank on a note due in six months. 2. Received $13,800 cash from investors and issued common stock to them. 3. Purchased $11,000 in equipment, paying $2,900 cash and promising the rest on a note due in one year. 4. Paid $600 cash for supplies. After recording these transactions, Sheldon's total assets will be $ QUESTION 3 mapter 1,5e...docx A Chapter 1 5e.docx A