Required information [The following information applies to the questions displayed below.] Business Sim Corporation (BSC) entered into the following four transactions: (a) Issued 2,000 common shares to Kelly in exchange for $28,000. (b) Borrowed $49,000 from the bank, promising to repay it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $54,000 and signing a promissory note for $8,000 due in six months. This loan contains a clause ("covenant") that requires Business Sim Corporation (BSC) to maintain a ratio of current assets to current liabilities of at least 2.5. (d) Received $1,400 of supplies and promised to pay for them in 30 days. 3. Assuming BSC entered into no other activities during its first year ended September 30 , prepare the company's classified balance sheet. Include a balance of zero in Retained Earnings. Answer is not complete