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: Necounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 8,650 286,000 7,000 403,000 32,000 118,000 35,500 4,150 During the month of July, the company had the following activities: a. Issued 4,400 shares of common stock for $440,000 cash. b. Borrowed $35,000 cash from a local bank, payable in two years. c. Bought a bullding for $182,000; paid $56,000 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $207,000 e. Purchased supplies for $16.500 on account. 5. Prepare a classified balance sheet at July 31. ATHLETIC PERFORMANCE COMPANY Balance Sheet 0 0 (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 t Accounts Payable huildings Cash | Common Stock Equipment Notes Payable (long-term) Detained Earnings Supplies $ 8.650 286,000 7.000 403,000 32.000 118.000 35,500 Land During the month of July, the company had the following activities a Issued 4.400 shares of common stock for $440,000 cash Borrowed $35.000 cash from a local bank, payable in two years. c Bought a building for $182.000 paid $56,000 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $207,000 e. Purchased supplies for $16.500 on account. 4. Prepare a trial balance at July 31 ATHLETIC PERFORMANCE COMPANY Trial Balance Debit Credit