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. Lanni takes out a...

Extracted text: 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. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over 3 years. Prepare the balance sheet just after it gets the bank loan. (Omlt the "$" slgn In your response.) a- 1. Assets Liabilities & Shareholders' Equity Cash Bank loan Computers Shareholders' equity Total Total