Required information Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO...
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Required information Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 2-1 The following information applies to the questions displayed below] Maben Company was started on January 1. Year 1 , and experienced the following events during its first year of operation 1. Acquired $34.000 cash from the issue of common stock 2. Borrowed $36,000 cash from National Bank 3. Earned cash revenues of $52000 for performing services 4. Poid cash expenses of $47,000 5. Paid a $1,400 cash dividend to the stockhokters 6. Acquired an additional $24.000 cash from the issue of common stock. 7. Paid $9.000 cash to reduce the principal balance of the bank note 8. Paid $57,000 cash to purchase land. 9 Determined that the market value of the land is $80.000 Problem 2-20A (Algo) Part f f. Determine the percentage of assets that were provided by investors, creditors, and earnings Note: Round your answers to 2 decimal places
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