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: During the month of July, the company had the following activities: a. Issued 2,800 shares of common stock for $280,000 cash. b. Borrowed $34,000 cash from a local bank, payable in two years. c. Bought a building for $212,000; paid $54,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $120,000. e. Purchased supplies for $18,700 on account. 3. Summarize the journal entry effects from part 2 using Taccounts. (TP. Enter the July 1 balances as the month's beginning balances). 5. Prepare a classified balance sheet at July 31. Include Retained Earnings on the balance sheet even though the account has a zero balance