Please answer C-1, thank you.

b-1. Prepare the balance sheet after Lanni spends the $50,000 to develop its software product. Answer is complete and correct. Assets $ Software product Computers Total Liabilities & Shareholders' Equity 50,000 Bank loan 40,000 29,000 Shareholders' equity 39,000 79,000 Total 79,000 $ b-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places.) Answer is complete and correct. Ratio of real assets to total assets 1.00 C-1. 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 1,200 shares for $46 per share. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. > Answer is complete but not entirely correct. Assets Microsoft shares Computers Total Liabilities & Shareholders' Equity 55,200 Bank loan 40,000 29,000 Shareholders' equity 55,200 X 84,200 Total $ 95,200 X $ c-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places.) Answer is complete and correct. Ratio of real assets to total assets 0.34