mework Problems - REQ'D Saved M2-12 (Static) Reporting a Classified Balance Sheet [LO 2-4] The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one yea d. Pald $300 cash for supplies. e. Bought and received $700 of supplies on account. Required: Prepare a classified balance sheet for Spotlighter, Incorporated, as of January 31. SPOTLIGHTER INCORPORATED Balance Sheet Assets 0 0 $ Prout