Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $26,000 and has cash on hand of $23,000 contributed by Lannis owners. Lanni takes out a bank loan. It receives $37,000 in cash and signs a note promising to pay back the loan over 3 years. a-1. Prepare the balance sheet just after it gets the bank loan.

a-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places.)

b-1. Prepare the balance sheet after Lanni spends the $60,000 to develop its software product.