Fruity Farms was incorporated as a private company on January 1, 2017. The company's accounts included the following at January 31, 2017: Accounts Payable Building Bank Overdraft Contributed Capital Equipment $ 20.000 50,000 9,609 75,000 47,eee Land Notes Payable, due 2019 Retained Earnings Supplies $100,000 22.000 74.000 3,000 During the month of February, the company had the following activities: a. Paid a dividend to shareholders of $15.000. b Repaid $10,000 cash to a local bank c Issued 500 shares for $50.000 cash d Purchased equipment for $30,000, paying $3,000 in cash and signing a note due in six months for the balance. e Purchased supplies for $3,000 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the arruntinn minen 4. Prepare a classified balance sheet at February 28, 2017 FRUITY FARMS Balance Sheet At February 28, 2017 Assets Liabilities Current assets Current liabilities Total current assets Total current liabilities P Total liabilities Shareholders' equity Total shareholders' equity Total liabilities & shareholders' equily Total assets 5. As of February 28, 2017, has the financing for Fruity Farm's investment in assets primarily come from liabilities or from shareholders equity? Liabilities Shareholders' equity