The Longmeadow Painting Company is founded by Sam & following activities: Sam and Cal each contribute $1,000 cash to found the business. Sam contributes his van to the company; the van is estimated to be worth $3,000 Cal contributes two ladders, which have a combined estimated value of $500 Sam and Cal borrow $2,000 cash from their friend Kash. Using the cash, Sam and Cal purchase the following items: o Paint ($1,000) Paint brushes and other supplies ($1,000) Fill in the following balance sheet for Sam & Cal incorporating the above activities: Longmeadow Painting Co. Balance Sheet For the month ended June 30, 2015 Assets Cash Inventory (paint) Supplies Equipment - Van Equipment - Ladders Total Assets Liabilities Inventory (paint) Supplies Equipment - Van Equipment - Ladders Total Assets Liabilities Loans Payable Owners' Equity Common Stock Total Liabilities and Owners' Equity