COMPANY, INC

BALANCE SHEET

as of December $31,2022$

ASSETS

CASH $$97,50015\%$

ACCOUNTS RECEIVABLE $$552,50085\%$

TOTAL ASSETS $$650,000100\%$

LIABILITIES

ACCOUNTS PAYABLE $$78,00012\%$

NOTES PAYABLE $ $\%$

TOTAL LIABILITIES $50\%$

EQUITY

TOTAL EQUITY $$325,00050\%$

TOTAL LIABILITIES $+$ EQUITY $100\%$

Based on the information shown, what is the correct amount and percentage of notes payable?

$$247,000$

$38\%$

$$325,000$

$50\%$

$$572,000$

$88\%$

$$403,000$

$62\%$