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Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquired $30,000 cash from the

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:

  1. Acquired $30,000 cash from the issue of common stock.

  2. Borrowed $42,000 cash from National Bank.

  3. Earned cash revenues of $58,000 for performing services.

  4. Paid cash expenses of $50,000.

  5. Paid a $2,000 cash dividend to the stockholders.

  6. Acquired an additional $30,000 cash from the issue of common stock.

  7. Paid $11,000 cash to reduce the principal balance of the bank note.

  8. Paid $51,000 cash to purchase land.

    Question: Determined that the market value of the land is $71,000.Determine the percentage of assets that were provided by investors, creditors, and earnings

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