Prepare a classified balance sheet from T accounts. (Using Formulas) The Following transaction occurred for Lantana Company during its first month of operations and have been recorded in the T-Accounts. A. Received $50,000 cash from Lantana, the sole proprietor B. Purchased land for $,20,000, paid $5,000 in cash and signed a 2-year note for the remainder. C. Bought $900 of supplies on account. D. Purchased $10,000 of equipment,paying cash. E. Paid $500 on account for supplies purchased in transaction. {Accounting Book: Fundamental Accounting Principles : John J.Wild / Ken W. Shaw 24th Edition)