Account Account Description Balance Accounts payable $ 21,480 Accounts receivable 68,200 Accumulated amortization, patent 51,400 Accumulated depreciation, equipment 149,800 Accumulated depreciation, vehicles 63,400 Advertising payable 4,000 Allowance for doubtful accounts 4,600 Cash 29,800 Connon shares, 100, we shares authorized; 25,000 shares were issued at an average price of $10.60; market price per share on March 31, 2020, was $11.80 ? Equipment 478,000 Income tax payable 56,200 Notes payable" 154,800 Patent 116,200 Prepaid rent 56,200 Retained earnings Unearned revenues Vehicles 28,680 82,600 "Assume that all accounts have normal balances. **$70,000 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.) SASSY PHARMACEUTICALSING Balance Sheet March 01, 2020 Assets $ 29,800 68,200 (4,600) $ $ 63.000 56,200 149,600 $ Current assets Cash Accounts receivable Less: Allowance for doubtful accounts Prepaid rent Total current assets Property, plant and equipment Vehicles Less Accumulated depreciation vehicles Equipment Less Accumulated depreciation, equipment Total property, plant and equipment Intangible assets Patent Less Accumulated amortization patent Total assets 188 800 82.600 (63 800) 478 000 (149,800) $ 328 200 517,000 $ 110.200 (51.400) 84800 731,400 S Liabilities Help 168,000 $ (63,800 478,000 (149.300) 5 apter 12 Assignment (0) Less Accumulated depreciation, voces Equipment Less Accumulated depreciation equipment Total property, plant and equpment Intangible assets Patent Less Accumulated amorturation, patent Total assets 326 200 517,000 5 110,200 (51,400) 04.800 731400 Liabilities Pa Current bites Accounts payable Uneamed roves income tax payable Notes payable 21.400 28,000 56,200 154.000 $ 200,200 Total currentes Non Current les Total liabilis 200 200 Equity 5 205,000 174.800 Contributed capital Common shares 100.000 shares authorized, 25,000 shares issued Retained eaming Total equity Total liabilities and equity 439,800 700 000 $ Analysis Component: 1. What percentage of the assets is financed by debt? (Round the final answer to 2 decimal places.) Asset financed by debi 2. What percentage of the assets is financed by equity? (Round the final answer to 2 decimal places.) Asset financed by equity %