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Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 21 [The following information applies to the questions displayed below.] Maben Company

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Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 21 [The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $34,000 cash from the issue of common stock. 2. Borrowed $46,000 cash from National Bank. 3. Earned cash revenues of $62,000 for performing services. 4. Paid cash expenses of $52,000. 5. Paid a $2,400 cash dividend to the stockholders. 6. Acquired an additional $34,000 cash from the issue of common stock. 7. Paid $12,000 cash to reduce the principal balance of the bank note. 8. Paid $47,000 cash to purchase land. 9. Determined that the market value of the land is $66,000. Problem 2-20A (Algo) Part f f. Determine the percentage of assets that were provided by investors, creditors, and earnings. Note: Round your answers to 2 decimal places. Answer is complete but not entirely correct

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