Required Information [The following information applies to the questions displayed below) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30. Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 20,900 109,000 38,500 195,000 142,000 214,000 4,350 293,850 10,600 During the month of July, the company had the following activities: a. Issued 4,900 shares of common stock for $490,000 cash. D. Borrowed $117.000 cash from a local bank, payable in two years c Bought a building for $267.250, paid $93,250 in cash and signed a three-year note for the balance d. Pald cash for equipment that cost $275,000. e Purchased supplies for $53,250 on account. 5. Prepare a classified balance sheet at July 31. 5. Prepare a classified balance sheet at July 31. DELIBERATE SPEED CORPORATION Balance Sheet At July 31 Liabilities Current Assets Current Liabilities $ $ Accounts Payable 277 250 Current Assets 74,150 Cash Supplies 74,150 Total Assets 178,350 Buildings Equipment 53,850 341,100 376 Total Assets Notes Payable (long-term) 341,476 Assets Buildings Common Stock Retained Earnings 685.000 293.850 Equipment Total Assets 0 $ 341.478 $ 1,231,350