Blue Jay Delivery Service is incorporated on January 2 and enters into the following transactions during its first month of operations: January 2: Filed articles of incorporation with the state and issued 100,000 shares of capital stock. Cash of $100,000 is received from the new owners for the shares. January 3: Purchased a warehouse and land for $80,000 in cash. An appraiser values the land at $20,000 and the warehouse at $60,000. January 4: Signed a three-year promissory note at Third State Bank in the amount of $50,000. January 6: Purchased five new delivery trucks for a total of $45,000 in cash. January 31: Performed services on account that amounted to $15,900 during the month. Cash amounting to $7,490 was received from customers on account during the month. January 31: Established an open account at a local service station at the beginning of the month. Purchases of gas and oil during January amounted to $3,230. Blue Jay has until the 10 th of the following month to pay its bill. Blue Jay Delivery Service Transactions for the Month of January DJanuary2 January 3 Balance 5 5 5 January 4 Balance 5 5 5 January 6 Balance January 31-Revenue Balance 5 January 31-Payment received Balance January 31-Gas \&. oil Balance Total Assets: $ Total Liabilities and Stockholders' Equity: 2. Prepare an income statement for the month of January. 3. Prepare a classified balance sheet at January 31 . this transaction? a. What is the interest rate of the loan? b. What is the repayment schedule? c. What was the interest rate for a similar loan 20 years ago? d. Were any assets offered as collateral