M-PART 16 Saved On January 1, 2016, the following information was drawn from the accounting records of Carter Company: cash of $225; land of $1,875; notes payable of $525; and common stock of $945. Required a. Determine the amount of retained earnings as of January 1, 2016. Amount of retained eamings b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $325 cash dividend to the stockholders. Can the company pay this dividend? Yes No c. As of January 1, 2016, what percent of the assets were acquired from creditors? (Round your answer to 1 decimal place.) Percent of assets acquired d. As of January 1, 2016, what percent of the assets were acquired from Investors? (Round your answer to 1 decimal place.) 15 -PART 1 Saved g-2. Prepare a statement of changes in stockholders' equity dated December 31, 2016. CARTER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2016 Beginning common stock Ending common stock Beginning retained earnings $ 0 Ending retained earnings 0 Total stockholders' equity $ 0 9-3. Prepare a balance sheet dated December 31, 2016. Assets CARTER COMPANY Balance Sheet As of December 31, 2016 Total assets Liabilities 0 15