Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2020. Assume that the preferred shares are non-cumulative.

Accounts Payable	$	26,560
Accounts Receivable		40,000
Accumulated depreciation, Equipment		11,040
Accumulated depreciation, Warehouse		22,080
Cash		9,200
Cash Dividends		20,400
Common Shares		120,000
Equipment		79,200
Income Tax Expense		41,400
Land		125,600
Notes Payable, due in 2023		34,400
Operating Expenses		110,000
Preferred Shares		40,000
Retained Earnings		28,520
Revenue		280,000
Warehouse		136,800

Required: Prepare a classified balance sheet at December 31, 2020. (Enter all amounts as positive values.)

1. What percentage of the total assets is owned by the shareholders? (Round your final answer to the nearest whole percent.)

2. What percentage of Spicer Inc. is equity financed? (Round your final answer to the nearest whole percent.)

3. What percentage of Spicer Inc. is financed by debt? (Round your final answer to the nearest whole percent.)

4. What percentage of the total assets is owned by the common shareholders? (Round your final answer to the nearest whole percent.)

5. What percentage of the assets is financed by the preferred shareholders? (Round your final answer to the nearest whole percent.)

6. Not available in Connect.