please include excel functions

1 The following transactions occurred for Lantana Company during its first month of operations 2 and have been recorded in the T-accounts below. 4 a. Issued 7,500 shares of stock with a par value $0.10 to three owners (2,500 shares each) for $75,000 in cash. 5 b. Purchased a short-term investment for $10,000 cash. 6 c. Purchased 2 acres of land for $20,000, paid $5,000 in cash and signed a 2 year note for the remainder. 7 d. Bought $900 of supplies on account. e. Sold 1/2 acre of land for $5,000. Accepted a note to receive payment in one year. 9 f. Purchased $10,000 of equipment in cash. g. Paid $500 on account for supplies purchased in transaction (d). 10 Cash Short-Term Investments 10,000 75,000 b. 10,000 5,000 10,000 500 b. c. f. g. bal. 49.500 bal. 10,000 Notes Receivable Supplies 5,000 900 24 LDL con KL DEF bal. bal. _5,000 200 Land Equipment c. 20,000 5,000 e. f. 10,000 29 bal. 15.000 10.000 Note Payable Accounts Payable 500 900 d. 15,000 C. 400 bal. 15,000 bal. Common Stock Additional Paid-in Capital 74,250 750 a. a. 750 bal. 74,250 bal. 41 Required: 42 Using the T-account BALANCES and the information in the transactions, 43 prepare a classified balance sheet for Lantana Company. 44 Note: If nothing belongs in a cell, leave it blank. Do not include blank cells in calculations. 45 Also, list long-term assets in alphabetical order. LANTANA COMPANY Balance Sheet At December 31, 2016 Liabilities and Stockholders' Equity Current Liabilities Assets Current Assets Total Current Assets Total Current Liabilities Long-term Assets Long-term Liabilities Total Long-term Assets Total Long-term Liabilities Total Liabilities Stockholders' Equity Retained Earnings Olly DE F G K L Total Current Assets Total Current Liabilities Long-term Assets Long-term Liabilities Total Long-term Assets Total Long-term Liabilities Total Liabilities Stockholders' Equity Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets