Help please

7. Your lawn care business, A Cut Above, has grown beyond your wildest dreams-to the point where you would like to buy some new equipment and hire some people to help you. Unfortunately, you don't have that kind of money sitting around, so you are applying for a loan. The bank has requested financial statements, including, of course, a balance sheet. The following are the balances you have on 5/31. Prepare a classified balance sheet to submit to the bank. glance sheet Cash $2,400 Prepaid Insurance $1,400 Note Payable Due Two Years from Now (Loan from Mom) $5,000 Capital Stock (Money You Invested to Start Business) $2,000 Accounts Receivable $500 Supplies Inventory $300 Equipment, Net $3,000 Accounts Payable $300 Retained Earnings $300 nciplesoffinancialaccounting1.pressbooks.com/chapter/3-5-end-of-chapter-exercises/ Page