$18$points ItemSkipped eBook Check my workCheck My Work button is now enabled$2$ Item $1$ Account Description$$Account Balance$*$Accounts payable$$21,100$Accounts receivable$67,900$Accumulated amortization, patent$51,100$Accumulated depreciation, equipment$149,500$Accumulated depreciation, vehicles$63,100$Advertising payable$3,700$Allowance for doubtful accounts$4,300$Cash$29,500$Common shares, $100,000$ shares authorized; $25,000$ shares were issued at an average price of $$10\mathrm{.}30$; market price per share on March $31,2023,$ was $$11\mathrm{.}50?$Equipment$475,000$Income tax payable$55,900$Notes payable$**151,000$Patent$115,900$Prepaid rent$55,900$Retained earnings$?$Unearned revenues$28,300$Vehicles$82,300*$Assume that all accounts have normal balances. $**$$$67,000$ of the notes payable will be paid by March $31,2024.$ Required: Using the information from the alphabetized post$-$closing trial balance above, prepare a classified balance sheet for Sassy Pharmaceuticals Inc. as at March $31,2023.($Enter all amounts as positive values. Enter the balance sheet items in the order of liquidity.$)$ Analysis Component: $1.$ What percentage of the assets is financed by debt? $($Round the final answer to $2$ decimal places.$)2.$ What percentage of the assets is financed by equity? $($Round the final answer to $2$ decimal places.$)3.$ This part of the question is not part of your Connect assignment. Prev Question $1$ of $3$ Total$1$ of $3$ Visit question mapNext