Required information [The following information applies to the questions displayed below.) Laser Dellvery Services, Inc. (LDS). was incorporated January 1. The following transactions occurred during the year. a. Received $39.000 cash from the company's founders in exchange for common stock. b. Purchased land for $12000, signing a two-year note (ignore Interest). C. Bought two used delivery trucks at the start of the year at a cost of $15,000 each; paid $5,000 cash and signed a note due in three years for $25.000 (Ignore Interest). d. Paid $1,400 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e. Stockholder Jonah Lee paid $280,000 cash for a house for his personal use. 4. Prepare a classified balance sheet for LDS at December 31. Include Retained Earnings on the balance sheet even though the account has a zero balance. LASER DELIVERY SERVICES, INC. Balance Sheet