Account Description Account Balance$*$

Accounts payable $ $20,800$

Accounts receivable $67,600$

Accumulated amortization, patent $50,800$

Accumulated depreciation, equipment $149,200$

Accumulated depreciation, vehicles $62,800$

Advertising payable $3,400$

Allowance for doubtful accounts $4,000$

Cash $29,200$

Common shares, $100,000$ shares authorized; $25,000$ shares were issued at an average price of $$10\mathrm{.}00$; market price per share on March $31,2023,$ was $$11\mathrm{.}20?$

Equipment $472,000$

Income tax payable $55,600$

Notes payable$**148,000$

Patent $115,600$

Prepaid rent $55,600$

Retained earnings $?$

Unearned revenues $28,000$

Vehicles $82,000$

$*$Assume that all accounts have normal balances.

$**$$$64,000$ of the notes payable will be paid by March $31,2024.$

Required:

Using the information from the alphabetized post$-$closing trial balance above, prepare a classified balance sheet for Sassy Pharmaceuticals Inc. as at March $31,2023.($Enter all amounts as positive values. Enter the balance sheet items in the order of liquidity.$)$

Analysis Component:

$1.$ What percentage of the assets is financed by debt? $($Round the final answer to $2$ decimal places.$)$

$2.$ What percentage of the assets is financed by equity? $($Round the final answer to $2$ decimal places.$)$