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Business, 03.09.2019 17:10 NateTheBeast12

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.β€’ lanni takes out a bank loan. it receives $50,000 in cash and signs a note promising to pay back the loan over three years.β€’ lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.β€’ 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 5,000 shares of microsoft stock.β€’ lanni sells the shares of stock for $25 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 loan. assets liabilities & shareholders' equitycash $ bank loan $ computers shareholders' equitytotal $ total $ a-2. what is the ratio of real assets to total assets? (round your answer to 1 decimal place.)b-1. prepare the balance sheet after lanni spends the $70,000 to develop its software product. assets liabilities & shareholders' equitysoftware product: $ bank loan: $ computers: $ shareholders' equity: $total $ total $ b-2. what is the ratio of real assets to total assets? c-1. prepare the balance sheet after lanni accepts the payment of shares from microsoft. assets: liabilities & shareholders' equity: microsoft shares: $ bank loan: $ computers: shareholders' equity: total $ total $ c-2. what is the ratio of real assets to total assets? (round your answer to 1 decimal place.)

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