During its first week of operations ending January 7. FastTrack Sports incorporated completed six transactions with the dollar effects indicated in the following schedule: Required: 2. Prepare a classified balance sheet for FastTrack Sports Incorporated on January 7. Required: 2. Prepare a classified balance sheet for FastTrack Sports Incorporated on January 7. E2-13 (Algo) Recording Journal Entries LO2-4 Jameson Corporation was organized on May 1. The following events occurred during the first month. a. Received $70,000 cash and a building valued at $245,000 from the five investors who organized Jameson Corporation. Each investor received 101 shares of $10 par value common stock. b. Ordered store fixtures costing $17,000. c. Borrowed $12,000 cash and signed a note due in two years. d. Purchased $16,000 of equipment, paying $1,600 in cash and signing a six-month note for the balance. e. Lent $1,700 to an employee who signed a note to repay the loan in three months. f. Recelved and paid for the store fixtures ordered in (b). Required: Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field