Assume that Fitness and Fun, Inc. reported the following information for the nine-month period ended September 30, 2017. Items are listed alphabetically and are in thousands of dollars. 

Required: 

1. Did Fitness and Fun Inc. rely more on creditors or shareholders for its financing at September 30, 2017? What is your information source? 

2. Was the shareholders’ equity at September 30, 2017, comprised more of contributions made by shareholders directly to the company or amounts earned and retained through profitable business operations? What is your information source?

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Accounts Payable $ 102,665 Other Liabilities $ 86,234 Accounts Receivable 5,318 Retained Earnings (January 1, 2017) Gym Revenues 199,890 Cash (January 1, 2017) 5,354 575,667 Cash (September 30, 2017) Contributed Capital 7,119 Gym Operating Expenses Advertising and Marketing Expenses Selling and Administrative Expenses Interest and Other Expenses Income Tax Expense 350,835 381,728 23,608 Supplies on Hand Notes Payable 14,739 83,207 647,120 20,316 Accrued Liabilities 119,482 38,895 Property and Equipment 1,451,641 Other Assets 117,108 Other cash flow information: $ Cash received from issuing common shares Cash paid to purchase equipment Cash paid to suppliers and employees Repayments of borrowings 9,061 354,255 472,265 13,043 574,824 Cash received from customers Cash received from borrowings Cash received from sale of long-term assets Dividends paid to shareholders 95,558 161,885