Question
[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
[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:
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Acquired $34,000 cash from the issue of common stock.
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Borrowed $46,000 cash from National Bank.
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Earned cash revenues of $62,000 for performing services.
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Paid cash expenses of $52,000.
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Paid a $2,400 cash dividend to the stockholders.
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Acquired an additional $34,000 cash from the issue of common stock.
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Paid $12,000 cash to reduce the principal balance of the bank note.
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Paid $47,000 cash to purchase land.
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Determined that the market value of the land is $66,000.
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Determine the percentage of assets that were provided by investors, creditors, and earnings. (Round your answers to 2 decimal places.)
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