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 M-PART 1 Saved d. As of January 1, 2016, what percent of the assets were acquired from investors? (Round your answer to 1 decimal place.) Percent of assets acquired e. As of January 1, 2016, what percent of the assets were acquired from retained earnings? (Round your answer to 1 decimal place.) Percent of assets acquired f. Create an accounting equation using percentages Instead of dollar amounts on the right side of the equation. (Round your percentage answers to 1 decimal place.) CARTER COMPANY Accounting Equation as of January 1, 2016 Assets Liabilities Stockholders' Equity Cash + Land Notes Payable Common Retained Stock Earnings g. During 2016, Carter Company earned cash revenue of $520, paid cash expenses of $310, and paid a cash dividend of $51. (Hint It is helpful to record these events under an accounting equation before preparing the statements) (Enter any decreases to 15