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Ocean View Properties, reported the following account balances on January 1 The company entered into the following transactions duting the year January 15 Issued 13,000 shares of $1 par common stock for $66,000 cash. January 31 collected $3,000 from custoeers on account. February 15 neacquired 3,160 shares of $1 par comnon stock into treasury for $34,760 cash. March 15 Meissued 2,160 shares of treasury stock for 525,760 cash. Aueust 15 Relssued 660 shares of treasury stock for $4,600 cash. Septeaber 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of comon stock. October 1 Issued 160, 1e-year, S1,090 bonds, at a quoted bond price of 101 . October 3 Wrote off a $1,500 balance due from a custoner who went bankrupt. Decenber 29 Recorded 5246,009 of service revenve, all of which was collected in cash. Decenber 30 Paid $216,000 cash for this year's wages through Decenber 31 . (Ignore payro1l taxes and payrol1 deductions.) Decenber 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjustnents for interest and incone taxes.) Calculate the debtoto-assets ratio at December 31. Debt to Assets Rabo Does the company rely moce (or less) on debt financing at the end of the year than at the beginning of the year? \begin{tabular}{|l|l|l|l|} \hline More & & \\ \hline Sless & & \\ \hline \end{tabular} Balance sheet