Santana Rey has consulted with her local banker and is considering financing an expansion of her business by obtaining a long-term bank loan. Selected account balances at March 31, 2022, for Business Solutions follow. Total assets $120,768 Total liabilities $870 Total equity $119,898 Required: 1. The bank has offered a long-term secured note to Business Solutions. The bank's loan procedures require that a client's debt-toequity ratio not exceed 0.85 . As of March 31, 2022, what is the maximum amount that Business Solutions could borrow from this bank? Note: Round your intermediate calculations to the nearest dollar amount. 2. Assume Business Solutions borrows the maximum amount allowed from the bank. Note: Round your intermediate dollar values to the nearest whole number and final answers to 1 decimal place. (a) What percentage of assets would be financed by debt? (b) What percentage of assets would be financed by equity