Required information (The following information applies to the questions displayed below) Bearings & Brakes Corporation (883) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable $183, cee Buildings 700.000 Cash 110.ece Common Stock 370.ee Equipment 188, cee Land 544,000 Notes Payable long-term) 13,000 Retained Earnings 1,066,00 Supplies 10,00 During the month of July, the company had the following activities a Issued 4,900 shares of common stock for $490,000 cash. Borrowed $160,000 cash from a local bank, payable in four years. c Bought a building for $206,000; paid $86,000 in cash and signed a three-year note for the balance d Paid cash for equipment that cost $110,000 e Purchased supplies for $110,000 on account. 5. Prepare a classified balance sheet at July 31 5. Prepare a classified balance sheet at July 31 BEARINGS & BRAKES CORPORATION Balance Sheet 0 0 0 $ 0 $ 0