The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3: Accounts Payable Accounts Receivable Cash Common Stock Equipment Logo and Trademarks Long-term Notes Payable Retained Earnings Software $ 355,200 72,000 735,100 669,600 59,400 422,600 269,400 118,400 123,500 The company entered into the following transactions during July, Year 3. Stockholders contribute $350,000 cash for additional ownership shares and the company borrows $175,000 in cash from a bank to buy new equipment by signing a formal agreement to repay the loan in 2 years. No other transactions took place during July, Year 3. Required: a. Prepare a classified balance sheet for the company at June 30, Year 3. b. Show the effects of the July transactions on the basic accounting equation. c. Prepare the journal entries that would be used to record the transactions. Complete this question by entering your answers in the tabs below. Required A Required B Required c Show the effects of the July transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign.) Transaction Analysis Liabilities Assets Stockholders' Equity 350,000 Common Stock 350,000 a. Cash b.