Question 2 [50 points] Velor Inc. began operations 2 years ago. Its adjusted account balances at July 31, 2014 are shown below. Velor Inc. issued shares worth $7,500 during July, 2014. Use this information to prepare the following classified balance sheet at July 31: (select one) Balance Sheet (select one) Account Accounts receivable Accumulated depreciation, boats Accumulated depreciation, machinery Advertising expense Advertising payable Boats Bonds Payable (due April, 2018) + Cash Commissions earned Consulting revenue earned Depreciation expense, boats Depreciation expense, machinery Dividends Insurance expense Interest earned Interest expense Land Long-term notes payable Long-term investment in shares Machinery Patents Prepaid insurance Rent earned Rent expense Rent payable Retained earnings Share capital Short-term notes payable Trademark Balance 8,460 2.290 5,040 11,880 12,910 15,000 9,690 2,340 4,220 12.060 520 1,350 2,000 1,120 3,930 1,890 11,250 20.950 13.070 42.610 7,090 3.420 9,080 4,860 7,570 16,440 14,010 15.910 7,240