Account Balance* $ 20,300 67,100 50,300 148,700 62,300 2,900 3,500 28,700 Account Description Accounts payable Accounts receivable Accumulated amortization, patent Accumulated depreciation, equipment Accumulated depreciation, vehicles Advertising payable Allowance for doubtful accounts Cash Common shares, 100,000 shares authorized; 25,000 shares were issued at an average price of $9.50; market price per share on March 31, 2020, was $10.70 Equipment Income tax payable Notes payable** Patent Prepaid rent Retained earnings Unearned revenues Vehicles ? 467,000 55,100 143,000 115,100 55,100 ? 27,500 81,500 *Assume that all accounts have normal balances. **$59,000 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 PHARMACEUTICALS INC. Balance Sheet March 31, 2020 Assets Current assets $ Total current assets Property, plant and equipment Total property, plant and equipment Intangible assets Total assets Liabilities Current liabilities $ GA $ 0 Total current liabilities Non Current liabilities Total liabilities 0 Equity Contributed capital 0 Total equity Total liabilities and equity $ 0 Analysis Component: 1. What percentage of the assets is financed by debt? (Round the final answer to 2 decimal places.) Asset financed by debt % 2. What percentage of the assets is financed by equity? (Round the final answer to 2 decimal places.) Asset financed by equity %