Required information [The following information applles to the questions displayed below] Business Sim Corporation (BSC) entered into the following four transactions: (a) Issued 1,000 common shares to Kelly in exchange for $12,000. (b) Borrowed $30,000 from the bank, promising to repay it in two years. (c) Bought computer equipment by signing check number 101 in the amount of $35,000 and signing a promissory note for $5,000 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 1.3. (c) Received $900 of supplies and promised to pay for them in 30 days. 3. Assuming Business Sim Corporation (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