Following are the transactions of JonesSpa Corporation, for the month of January. The effect of these transactions is not included in the begininng balances shown. a. Borrowed $30,000 from a local bank. b. Lent $10,000 to an affiliate, accepted a note due in one year. c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $5 per share, received cash. d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year. e. Declared $2,000 in cash dividends to stockholders, to be paid in February Notes Receivable Cash 9ee Beg. bal. Beg. bal. 1, Bee Notes Payable Equipment 15, 10e Beg. bal. Beg. bal. 3, eee Dividends Payable Common Stock Beg. bal. Beg. bal. 1, eee Additional Paid-in Capital Beg. bal. 3,000 Retained Earnings Beg. bal. 10,000 Prepare a balance sheet for JonesSpa Corporation, as of January 31. Answer is not complete. JONES SPA CORPORATION Balance Sheet Assets Liabilities Current assets: Cash IS 16,400 Current liabilities: Notes payable Dividends payable Is 43,000 2.000 Notes receivable O 11,000 0 0 Total current assets 45,000 > Equipment 27.400 Total current liabilities Stockholders' Equity 30,100 Common stock 0 Retained earnings 0 Additional paid-in capital 1,010 8,000 3,490 > 0 $ 0 0 Total stockholders' equity Total liabilities & stockholders' equity 12,500 57,500 Total assets $ 57,500 IS