Required information 10.00 points 5. Prepare a classified balance sheet at July 31 Required Information BEARINGS & BRAKES CORPORATION The foowing information applies to the questions displayed belowj Balance Sheet Bearings & Brakes Corporation (B&B, was incorporated as a private company. The company's accounts included the following at June 30 $ 79,000 600,000 100,000 270,000 168,000 494,000 3,000 1,016,000 6,000 Accounts Payable Cash Common Stock Equipment Land Notes Peyable (ong-term) Retained Earnings Supplies During the month of July, the company had the following activities: a. Issued 3,900 shares of common stock for $390,000 cash. b.Borrowed $110,000 cash from a local bank, payable in four years. References eBook &Resources