eBook 4. Prepare a classified balance sheet at July 31 Prim Assets Current assets Peferences DELIBERATE SPEED CORPORATION Balance Sheet At July 31 Current liabilities Total current assets 0 Total copeot sat Liabilities Total lobites Shareholders' equity Total shareholders equity Total assots $ 0 Total liabilities & shareholders' equity $ 0 ent 1-Chapters 1 and 2 Seved Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable $ 24,000 Land $214,000 Factory Building 104,200 Notes Payable (long-term) Cash 30,200 Contributed Capital 194,000 Retained Earnings Supplies 4,800 266,000 8,400 Equipment 132,000 During the month of July, the company had the following transactions a Issued 3,720 shares for $372,000 cash. b. Borrowed $118,000 cash from a local bank, payable in two years c. Bought a factory building for $210,000; paid $96,000 in cash and signed a three-year note for the balance d Paid cash for equipment that cost $228,000 e Purchased supplies for $34,200 on account