12-1A Corporate balance sheet preparation LO2 Account Balance Accounts payable Accounts receivable Account Description. Accumulated amortization, patent Accumulated depreciation, equipment $ 19,800 66,600 49,800 148,200 Accumulated depreciation, vehicles 61,800 Advertising payable 2,400 Allowance for doubtful accounts 3,000 Cash 28,2001 Common shares, 100,000 shares authorized; 25,000 shares were issued at an average price of $9.00; market price per share on March 31, 2020, was $10.20 462,000 $4,600 138,000 114,600 54,600 27,000 81,000 Equipment Income tax payable Notes payable** Patent Prepaid rent Retained earnings Unearned revenues Vehicles Assume that all accounts have normal balances. $54,000 of the notes payable will be paid by March 31, 2021. Required: Using the information from the alphabetized post-closing trial balance above. prepare a classified balance sheet for Sassy Pharmaceuticals Inc. as at March 31, 2020. (Enter all amounts as positive values. Enter the balance sheet items in the order of liquidity.) Current assets Total current assets Property, plant and equipment Total property, plant and equipment Intangible assets Total assets Current liabilities SASSY PHARMACEUTICALS INC. Balance Sheet March 31, 2020 Assets 0 0 0 Liabilities Total property, plant and equipment Intangible assets Total assets Current liabilities Total current liabilities Non Current liabilities Total liabilities Contributed capital Total equity Total liabilities and equity 0 $ 0 Liabilities Equity 0 0 0 $ Analysis Component: 1. What percentage of the assets is financed by debt? (Round the final answer to 2 decimal places.) Assel financed by debl 2. What percentage of the assets is financed by equity? (Round the final answer to 2 decimal places.) Asset financed by equity %