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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:
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Acquired $30,000 cash from the issue of common stock.
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Borrowed $42,000 cash from National Bank.
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Earned cash revenues of $58,000 for performing services.
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Paid cash expenses of $50,000.
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Paid a $2,000 cash dividend to the stockholders.
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Acquired an additional $30,000 cash from the issue of common stock.
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Paid $11,000 cash to reduce the principal balance of the bank note.
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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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