Answer Happy

Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2020. Assume that the pre- shares are non-cumulative. Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2023 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse $ 26,160 39,600 10, 840 21,680 8,800 20,000 115,000 78,800 41,000 121,600 34,000 109, 600 39,600 28,120 275,800 132, 800

Required: Prepare a classified balance sheet at December 31, 2020. (Enter all amounts as positive values.) Current assets Total current assets Property, plant and equipment: SPICER INC. Balance Sheet December 31, 2020 Assets

1. What percentage of the total assets is owned by the shareholders? (Round your final answer to the nearest whole pero % 2. What percentage of Spicer Inc. is equity financed? (Round your final answer to the nearest whole percent.) Percentage of equity financed % 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 percent.) Percentage the total assets % 5. What percentage of the assets is financed by the preferred shareholders? (Round your final answer to the nearest wh- percent.)