Business Sim Corp. (BSC) issued 2,000 common shares to Kelly in exchange for $26,000. BSC borrowed $47,000 from the bank, promising to repay it in two years. BSC purchased computer equipment for $60,000, signing a six-month note for $8,000, and paying the balance with check number 101. BSC received $1,300 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 2.2. Assuming BSC entered into no other activities during its first year ended September 30, prepare the company's classified balance sheet. Include a balance of zero in Retained Earnings. BUSINESS SIM CORP. Balance Sheet