Required information [The following information applies to the questions displayed below) Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 6,700 268,000 10, 150 404,000 34,750 112,000 22,750 8,550 During the month of July, the company had the following activities: a. Issued 3,400 shares of common stock for $340,000 cash. b. Borrowed $34,250 cash from a local bank, payable in two years. c. Bought a building for $211,000; paid $55,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $127.000 e. Purchased supplies for $18,500 on account 4. Prepare a trial balance at July 31 18 a. Issued 3,400 shares of common stock for $340,000 cash. b. Borrowed $34.250 cash from a local bank, payable in two years. C. Bought a building for $211,000; paid $55,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $127,000. e Purchased supplies for $18,500 on account. rt 4 of 6 4. Prepare a trial balance at July 31. Book ATHLETIC PERFORMANCE COMPANY Trial Balance Debit Credit Totals $ 0 $ 0 5. Prepare a classified balance sheet at July 31. ATHLETIC PERFORMANCE COMPANY Balance Sheet 0 0 0 $ 0 $ 0 20 The following information applies to the questions displayed below] Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: -6 of 6 Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 6,700 268,000 10,150 404,000 34,750 112,000 22,750 8,550 -Book During the month of July, the company had the following activities: 0, Issued 3,400 shares of common stock for $340,000 cash, b. Borrowed $34,250 cash from a local bank payable in two years. c. Bought a building for $211,000; paid $55,000 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $127.000. e. Purchased supplies for $18,500 on account 6. As of July 31, has the financing for APC's investment in assets primarily come from Habilities or stockholders' equity? Liabilities Stockholders' Equity