During its first month of operations in March, Volz Cleaning, Incorporated, completed six transactions with the dollar effects indicated in the following schedule: Accounts 1 2 Dollar Effect of Each of the Six Transactions 4 Ending 6 Balance Cash Investments (short-term) Notes receivable (due in six months) Computer equipment Delivery truck Notes payable (due in 10 years) $52,000 $(8,000) $(4,400) $(12,000) $4,000 $(8,000) 12,000 (4,000) 4,400 8,000 36,000 28,000 Common stock (3,000 shares) Additional paid-in capital 5,000 47,000 2. Prepare a classified balance sheet for Volz Cleaning, Incorporated, at the end of March. Answer is not complete. VOLZ CLEANING, INCORPORATED Balance Sheet Assets Current assets: Cash Investments Notes receivable Liabilities: $ 23,600 Notes payable 8,000 4,400 Liabilities $ 28,000 Total current assets 36,000 Total liabilities 28,000 Stockholders' Equity Computer equipment 8,000 Delivery truck 36,000 Common stock Additional paid-in-capital 5,000 47,000 Total stockholders' equity 52,000 Total assets $ 80,000 Total liabilities and stockholders' equity $ 80,000