The following are the transactions of Spotlighter, Incorporated, for the month of January.

Borrowed $5,940 from a local bank on a note due in six months.

Received $6,630 cash from investors and issued common stock to them.

Purchased $3,000 in equipment, paying $1,200 cash and promising the rest on a note due in one year.

Paid $1,300 cash for supplies.

Bought and received $1,700 of supplies on account.

Required: Prepare a classified balance sheet for Spotlighter, Incorporated, as of January 31.