Bender Industries, reported the following account balances on January 1 . The company entered into the following transactions during the year. January 15 Issued 14,000 sharen of $1 par comnon utock for $68,000 cash. January 31 colleoted $3,000 from customera on account. February 15 Reacquired 3,160 ahares of $1 par common atock into treasury for $34,930 cash. March 15 Relnaved 2,180 whare of treasury atoek for $25,980 cash. August 15 keianued 600 sharen of treasury atoek for $4,600 eash. september 15 Declared (but did not yet pay) a $1 eash dividend on each outatanding ahare of common stook. october 1 isnued 100, 10-year, 51,100 bonde, at a quoted bond price of 101. october 3 Wrote off a $1,500 balance due from a customer who wont bankrupt. December 29 Recorded $248,000 of service revenue, all of which was collected in cash. December 30 Paid $218,000 cash for thin year's wagen through becember 31. (Ignore payrol1 taxen and payroll deductiona.) December 31 calculated $10,000 of depreeiation for the year to be recorded. (Ignore accrual adjustaents for intered and incore taxes. 1 and income taxes.) Each journal entry Is posted automatically to the general ledger. March 15 Reinnued 2, 180 nharen of Ereasury stock for $25,980 canh. Augunt 15 Reinneed 600 mhares of treatury stock for $4,600 cash. September 15 Declared (but did not yet pay) a $1 canh dividend on each outatanding ahare of connon atock. oetober 1 Issued 100,10 -year, $1,100 bonde, at a quoted bond price of 101. Ootober 3 Wrote off a $1,500 balance due from a eustomer who vent bankeupt. Deconber 29 Rrocorded 5248,000 of nervice revenue, all of which was collected in caah. December 30 paid \$216,000 cain for this year's vages through December 31. (Iqnore payroll taxen and payrol1. December 31 Caleulated $10,000 of depreotation for the year to be recorded. (Ignore accrual adjustments for Interest and income taxes.) The option you choose will be the values used to populate the balance sheet tabs. BENDER INDUSTRIES Classified Balance Shent At December 31 January 31 Collected $3,000 from cuatomera on account. Februnry. 15 Reacquired 3,180 aharen of $1 par common ntook into treasury for $34,980 cash. March 15 Reiseved 2,180 whares of treasury stock for $25,980 canh. August 15 Reinnued 600 sharen of treasury stook for $4,600 canh. september 15 Declared (but did not yet pay) a 51 cauh dividend on each outstanding ahare of coneon stock. October 1 Iasued 100,10 -year, $1,100 bonds, at a quoted bond price of 101. October 3 Nrote off a $1,500 balance due from a cuntomer who went bankrupt. December 29 Recorded $248,000 of aervice revenue, a11 of Mhich wan collected in cash. becember 30 Paid $218,000 canh for th year's wagen through December 31 . (tgnore payrol1 taxen and payroli. deductions.) December. 31 Calculated $10,000 of depreciation for the year to be recorded. (Iqnore acerual adjuatinenta for Inf and income taxes :) Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 decimal places.)
