Travis Goodall incorporated Stake Technology Inc. on March 1, 2023. They are authorized to issue an unlimited number of common shares and 50,000, $500 non-cumulative preferred shares. During March the following equity transactions occurred: a. Issued 14,000 common shares at $3.20 per share for cash. b. Issued 12,000 preferred shares at $11.60 per share for cash. c. Stake Technology Inc. reported net income for the month of $148,000, and declared total cash dividends of $88,000 to shareholders of March 31, 2023 payable April 15, 2023 a) Using the information provided above and the following March 31, 2023 selected adjusted account balances prepare the statement of changes in equity for the month ended March 31, 2023 along with the March 31, 2023 classified balance sheet. The list of accounts is incomplete; you will have to add several accounts based on the information provided above. Account Accumulated Depreciation, Equipment Balance Accumulated Depreciation, Machinery 1,000 1,000 Advertising Payable 29,000 Bonds Payable (due May, 2030) 7,000 Statement of Changes in Equity Common Preferred Retained Total Shares Shares Earnings Equity Cash 94,000 Equipment 36.000 Land 88,000 Machinery 70,000 Mortgage Payable (due May, 2030) 20,000 Balance Sheet Notes Receivable (due August, 2023) 67,000 (select one) 16,000 Property Taxes Payable 17,000 Salaries Payable Supplies 68,000 b) Use your above answer to answer each of the following questions: What percentage of the total assets are equity financed? What percentage of Stake Technology Inc. is financed by debt? The common shareholders own what percentage of the total assets? What percentage of the assets are financed by the preferred shareholders? EUR/CAD +0.40% Q Search hp ENG 2:01 PM US 2024-05-04