During its first week of operations ending January 7, FastTrack Sports Incorporated completed six transactions with the dollar effects Indicated in the following schedule: Accounts Cash Notes receivable (short-term) Store fixtures. Operating lease right-of-use assets Notes payable (due in three months) Long-term lease liabilities Common stock (15,000 shares) Additional paid-in capital 1 Dollar Effect of Each of the Six Transactions 2 4 5 Ending 6 Balance $20,000 $74,000 $(8,000) $(4,400) $(9,400) $(6,000) 4,400 9,400 131,000 74,000 (6,000) 123,000 1,600 18,400 Required: 2. Prepare a classified balance sheet for FastTrack Sports Incorporated on January 7. FASTTRACK SPORTS INCORPORATED Assets Current assets: Balance Sheet Liabilities Current liabilities: Total current liabilities 0