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Laser Delivery Services, Incorporated $($LDS$),$ was incorporated January $1.$ The following transactions occurred during the

year:

a$.$ Received $$35,000$ cash from the company's founders in exchange for common stock.

b$.$ Purchased land for $$10,000,$ signing a two$-$year note $($ignore interest$).$

c$.$ Bought two used delivery trucks at the start of the year at a cost of $$11,000$ each; paid $$3,000$ cash and signed a note

due in three years for $$19,000($ignore interest$).$

d$.$ Paid $$1,000$ cash to a truck repair shop for a new motor, which increased the cost of one of the trucks.

e$.$ Stockholder Jonah Lee paid $$240,000$ cash for a house for his personal use.

Prepare a classified balance sheet for Laser Delivery Services at December $31.$ Include Retained Earnings on the balance sheet

even though the account has a zero balance.

Answer is not complete.