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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 Accounts
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 Accounts Receivable decumulated depreciation. Equipment heemulated depreciation, Warehouse Cash Cash Dividende Common Shares Cquiment Income Tax Expense Land Notes Payable, due in 2022 Operating Expenses Preferred Share Betained Earnings Revenue Warehe 26,760 40.200 11.140 22,280 9,400 20, 600 122.000 79.400 41, 600 127,600 34,600 110,200 40,200 28, 720 282,100 100,000 Required: Prepare a classified balance sheet at December 31, 2020. (Enter all amounts as positive values.) SPICER INC. Balance Sheet December 31, 2020 Assets Total current assets $ 0 Property, plant and equipment: Total property, plant and equipment 0 Total assets $ 0 Liabilities Current liabilities Non Current liabilities Total liabilities S 0 Equity Contributed Capital Total contributed capital S 10 Total contributed capital $ 0 0 Tatal equity Total liabilities and equity S 0 1. What percentage of the total assets is owned by the shareholders? (Round your final answer to the nearest whole percent.) Percentage intele 96 2. What percentage of Spicer ne is equity financed? (Round your final answer to the nearest whole percent.) Le centage of out Linares 3. What percentage of Spicer Inc. Is financed by debt? (Round your final answer to the nearest whole percent.) Pero ning of hinanced by Idabl percent.) 4. What percentage of the total assets is owned by the common shareholders? (Round your final answer to the nearest whole Perontage the total assets 96 5. What percentage of the assets is financed by the preferred shareholders? (Round your final answer to the nearest whole percent.) Pet the 21 36
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