E$2-34.$ Constructing Balance Sheets and Computing Working Capital

The following balance sheet data are reported for Beaver, Inc.. at May $31,2019.$

Assume that on June $1,2019,$ only the following two transactions a$)$curred$.$

June $1$ Purchased additional equipment costing $$15,000,$ giving $$2,000$ cash and a $$13,000$ note

payable.

Declared and paid a $$7,000$ cash dividend.

a$.$ Prepare its balance sheet at May $31,2019.$

b$.$ Prepare its balance sheet at June $1,2019.$

c$.$ Calculate its net working capital at June $1,2019.($Assume that Notes Payable are noncurrent.$)$