S 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: Accounts Payable. $ 7,900 Buildings 243,000 22,850 371,000 Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies 26,750 102,000 20,000 0 4,300 During the month of July, the company had the following activities: a. Issued 4,800 shares of common stock for $480,000 cash. b. Borrowed $50,000 cash from a local bank, payable in two years. c. Bought a building for $205,250; paid $53,250 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $256,000. e. Purchased supplies for $16,300 on account. 5. Prepare a classified balance sheet at July 31,