You've just opened a margin account with $$10,000$ at your local brokerage firm. You instruct your broker to purchase $400$ shares of Landon Golf. stock, which currently sells for $$47$ per share.

a$.$ What is your initial margin?

Note: Enter your answer as a percent rounded to $2$ decimal places.

Answer is complete but not entirely correct.

b$.$ Construct the equity account balance sheet for this position.

Answer is not complete.

$\backslash$table$[[$Assets$,$Liabilities and account equity$],[400$ shares,Margin loan,$$,10,000x$