Economic Balance Sheet. Prepare an economic balance sheet for The Second Market Value Company as of Year $0$ using the following information and financial statements provided in Exhibit P$1\mathrm{.}1.$ The company's share price is $$10\mathrm{.}00$ and it has $500$ shares outstanding. Its debt is trading at $96\%$ of its book value. The company has land valued at $$2,000$ that is not necessary to operate the business. Based on the amount and type of debt financing, the company creates $$1,800$ in value from financing. $(3\text{'})$

Exhibit P$1\mathrm{.}1$

Balance Sheet $-$ Liabilities & Equity:

Accounts Payable $,$$$150\mathrm{.}0$ $ $160\mathrm{.}0$

Debt

Total Liabilities

Common Stock

Retained Earnings

Total Shareholders Equity

Total Liabilities and Equities

Year$-1$

Year $0$

$\backslash$table$[[4,000\mathrm{.}0,4,500\mathrm{.}0$