Current Ratio over Time as a Bank Loan Officer LOZ-4, 2.5 [The fonfowing information apples to the questions displayed below] Babey Detwery Company, Incorporated, was organized in 2021 in Wisconsin. The following transactions occurred during the year: 13. Received cash from investors in exchange for 12,000 shares of stock (par value of $1.00 per share) with a market value of 59 per share. b. Purchased land in Wisconsin for $16,000, signing a one-year note (ignore interest). c. Bought two used delivery trucks for operating purposes at the start of the yoar at a cost of $10,000 each, paid $6,000 cash and signed a note due in three years for the rest fignore interest). d. Paid $1.700 cash to a truck repair shop for a new motor for one of the trucks. (increase the account you used to record the purchase of the truciss because the productive life of the truck has been improved) e. Sold one-fourth of the land for $4,000 to Pablo Development Corporation, which signed s six-month note 1. Stockhoider Helen Bailey paid \$29,500 cash for a vacant lot (land) in Canada for her personal use E2-16 Part 3 3. Prepare a classified balance sheet for Bailey Delwery Company at December 31, 2021