Required information The following information applies to the questions displayed below.) of 6 Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Huildings Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 25,200 147.000 40, 750 235,000 159.500 279.000 6.600 373,650 14,200 During the month of July, the company had the following activities: a. Issued 4,500 shares of common stock for $450,000 cash b. Borrowed $118,000 cash from a local bank, payable in two years. c. Bought a building for $276.750: paid $87750 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $237,000. e. Purchased supplies for $39,000 on account. 5. Prepare a classified balance sheet at July 31 DELIBERATE SPEED CORPORATION Balance Sheet