Assume that you are the president of APEC Aerospace Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available:

Accounts Payable	$	34,230
Accounts Receivable		10,600
Cash		15,000
Common Stock		11,100
Dividends		1,400
Equipment		90,000
Notes Payable		52,870
Operating Expenses		71,000
Other Expenses		9,400
Sales Revenue		109,300
Supplies		10,100

The following information applies to the questions displayed below.J Assume that you are the president of APEC Aerospace Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $ 34,230 10,600 15,000 11,100 1,400 90,000 52,870 71,000 9,400 109,300 10,100 value 4.00 points Required 1-a. Is the company financed mainly by creditors or stockholders? Creditors Stockholders 1-b. Which financial statement indicates this? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows