Emilee Lee opened a flower shop (Lee Flowers) on 1 July 2017. Her accountant prepared an income statement for July 2017, and this showed a profit for the month of $2,150 (it may be assumed that this profit has been calculated accurately and requires no further adjustment) Emilee has now decided that she wants a suitably classified balance sheet prepared as at 31 July 2017, and has provided the following information for this purpose Emilee deposited $20,000 in a business bank account when she commenced business on 1 July A delivery vehicle was purchased on 1 July at a cost of $14,000 The vehicle is expected to be used equally over its useful life of five years after which it will have a residual (scrap) value of $2,000. At 31 July customers owe $4,300 to the business for flowers purchased on credit during the month. However, of this amount $100 is not expected to be collected as a customer was declared bankrupt At 31 July $2,300 is owing to suppliers for inventory (stock) purchased on credit during July On 15 July Emilee withdrew S250 worth of flowers to decorate her home for a private dinner party At 31 July there is inventory (stock) on hand that cost $1,200 However, of this amount $100 relates to inventory (stock) that is not fit for sale and will be thrown out During July Emilee paid rent for the months of July and August. The total amount paid was $1.000 On 30 July a five year loan of S3, 000 was arranged through a local bank At 31 July wages of $400 are owing to an assistant for work performed during July . Required Prepare a classified balance sheet for Emilee's business as at 31 July 2017