O Required information [The following information applies to the questions displayed below) Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 6,700 268,000 10, 150 404,000 34,750 112,009 22,750 8,550 During the month of July, the company had the following activities: a. Issued 3,400 shares of common stock for $340,000 cash. . Borrowed $34.250 cash from a local bank, payable in two years. c Bought a building for $211,000; paid $55,000 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $127.000. e. Purchased supplies for $18,500 on account 5. Prepare a classified balance sheet at July 31, 5. Prepare a classified balance sheet at July 31. 66 Answer is not complete. ATHLETIC PERFORMANCE COMPANY Balance Sheet At July 31 07:10 Assets Liabilities Current Assets Cash Supplies $ 6,700 22.750 29,450 X x > Current Liabilities $ 10,150 Accounts Payable 8,550 Notes Payable (long-term) Total Current Liabilities 18.700 112,000 268,000 Total Liabilities 34.750 Stockholders' Equity Common Stock Retained Earnings Total Current Assets Land Buildings Equipment O 29,450 404,000 404,000 Total Liabilities and Stockholders' Equity x Tocal Assets $ 433,450 808,000 $ 837,450