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a Borrowed $5,640 from a local bank on a note due in six months b Received $6,330 cash from investors and issued common stock to them. c Purchased $2,700 in equipment, paying $1,050 cash and promising the rest on a note due in one year d Paid S1,150 cash for supplies e Bought and received $1,550 of supplies on account Prepare a classified balance sheet for Spotlighter, Inc, as of January 31 SPOTLIGHTER INC. Balance Sheet At January 31 Assets Liabilities Current Assets urrent Liabilities S 9,770 Accounts Payable Cash Accounts Receivable Supplies 0 Notes Payable (short-term) 2700Common Stock S7,29 5,640 otal Assets 12,470 Total Liabilities and Stockholders' Equity 19,260 Stockholders' Equity Equipment 2,700 Common Stock Retained Earnings S 15,170 $25,590 References eBook & Resources Financial Statements Difficulty: 2 Medium Leaming Objective: 02-04 Prepare a t