Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owners. Lanni takes out a benk loon. It receives $50.000 in cash and signs e note promising to pay back the loen over three years. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software. Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 2,000 shares of Microsoft stock Lanni sells the shares of stock for 570 per share and uses part of the proceeds to pay off the bank loan. a-1. Prepare its balance sheet just after it gets the bank loon. Assets Cash Computers Total Llabilities & Shareholders' Equity Bank loan Shareholders' equity 0Total 5 5 a-2 What is the ratio of real assets to total assets? (Round your answer to 1 decimal place.) Ratio of real to total assets b-1. Prepare the balance sheet ofter Lonni spends the $70,000 to develop its software product, with the software volued at cost. Assets Software product Computers Total Llabilities & Shareholders' Equity Bank loan Shareholders' equity 0Total 5 5 0 1-2. What is the retio of real essets to total assets? (Round your answer to 1 decimal place.) Ratio of real to total assets c-1. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft Assets Microsoft Shares Computers Total Llabilities & Shareholders' Equity Bank loan Shareholders' equity 0 Total 5 5