Please include formulas for each answer

Lantana Company has provided you with the transactions that occurred during its first month of operations. The Controller has already recorded the transactions to the T-Accounts and has asked you to prepare the classified balance sheet based on the T-Account balances. Use the information included in the Excel Simulation and the Excel functions described below to complete the task Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell,"-B11" was entered, the formula would output the result from cell B11, or $50,000 in this example. . Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: (plus sign to add), (minus sign to subtract). (asterisk sign to multiply), and/(forward slash to divide). From the Excel Simulation below, if in a blank cellC11+C12" was entered, the formula would add the values from those cells and output the result, or 15,000 in this example. If using the other math symbols the result would output an appropriate answer for its function SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell " SUM(C11,C12.C13)" was entered, the formula would output the result of adding those three separate cells, or 15,500 in this example. Similarly, if in a blank cell-SUM(C11:C13) was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula and the result would be 15,500 in this example FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign Font Alignment NumberConditional Format as Cell Formatting TableStyles Cells Editing Paste Clipboard D32 D EF The following transactions occurred for Lantana Company during its first month of operations 2 Jand have been recorded in the T-accounts below 4 a. Received $50,000 cash from owners in exchange for common stock. 5 b. Purchased land for $20,000, paid $5,000 in cash and signed a 2-year note for the remainder 6 C. Bought $900 of supplies on account 7 d. Purchased $10,000 of equipment, paying cash 8 e. Paid $500 on account for supplies purchased in transaction (c 10 11 a 12 13 14 bal 15 16 Cash 50,000 5,000 b.c 10,000 d 500 e. bal Land uipment 20,000 10,000 18 19 bal 20 21 bal Accounts Payable Note Payable 9 bal bal Accounts Payable Note Payable 2 e. 500 900 C 15,000 b. 400 ba 15.000 bal Common Stock 0,000a 50.000 bal. 1 Required: Using the T-account BALANCES and the information in the transactions, 3 prepare a classified balance sheet for Lantana Company Note: Use cell references to the T-account titles to complete columns B and G. Use cell references to the S Taccount balances and formulas to complete columns C and H. List long-term assets in alphabetical order. Sheet1 Balance Sheet At December 31, 2016 Assets Liabilities and Stockholders' Equity Current Assets Current Liabilities Total Current Assets Total Current Liabilities Long-term Assets Long-term Liabilities Total Long-term Assets Total Long-term Liabilities Total Liabilities Retained Earnings 0 Total Stockholders' Equity Total Liabilities and Stockholders' Equity L Total Assets