Received $$38,000$ cash from the company's founders in exchange for common stock. Purchased land for $$11,500,$ signing a two$-$year note $($ignore interest$).$ Bought two used delivery trucks at the start of the year at a cost of $$14,000$ each; paid $$4,500$ cash and signed a note due in three years for $$23,500($ignore interest$).$ Paid $$1,300$ cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. Stockholder Ruby Lee paid $$270,000$ cash for a house for personal use.$5.$ Using the balance sheet, indicate whether Laser Delivery Services's assets at the end of the year were financed primarily by liabilities or stockholders' equity.$$Liabilities or Stockholders' Equity