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Laser Delivery Services, Incorporated (LDS), was incorporated January 1. The following transactions occurred during the year: a. Received $36,000 cash from the company's founders in exchange for common stock. b. Purchased land for $10,500, signing a two-year note (ignore interest) c. Bought two used delivery trucks at the start of the year at a cost of $12.000 each; paid $3,500 cash and signed a note due in three years for $20,500 (ignore interest). d. Paid $1,100 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e. Stockholder Jonah Lee paid $250,000 cash for a house for this personal use. 4. Prepare a classified balance sheet for Laser Delivery Services at December 31. Include Retained Earnings on the balance sheet even though the account has a blies to the questions displayed below.] porated (LDS), was incorporated actions occurred during the year: the company's founders in exchange 0 , signing a two-year note fignore trucks at the start of the year at a cost of 0 cash and signed a note due in three interest). repair shop for a new motor, which of the trucks. id $250.000 cash for a house for his et for Laser Delivery Services at December 31. e balance sheet even though the account has a