1 Problem 12-1A Corporate balance sheet preparation LO2 30 points Accounts payable Accounts receivable Account Description Accumulated amortization, patent Account Balance* $ 21,300 68,100 51,300 eBook Print References Accumulated depreciation, equipment 149,700 Accumulated depreciation, vehicles 63,300 Advertising payable 3,900 Allowance for doubtful accounts 4,500 Cash 29,700 Common shares, 100,000 shares authorized; 25,000 shares were issued at an average price of $10.50; market price per share on March 31, 2020, was $11.70 Equipment Income tax payable Notes payable** Patent Prepaid rent Retained earnings Unearned revenues Vehicles "Assume that all accounts have normal balances. **$69,000 of the notes payable will be paid by March 31, 2021. ? 477,000 56,100 153,000 116,100 56,100 ? 28,500 82,500 ints 1 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, 2020. (Enter all amounts as positive values. Enter the balance sheet items in the order of liquidity.) Current assets eBook Print References Total current assets Property, plant and equipment C raw Total property, plant and equipment Intangible assets SASSY PHARMACEUTICALS INC. Balance Sheet March 31, 2020 Assets Prev 1 of 7 Next > ENG 44 US 30 points 1 Total property, plant and equipment Intangible assets Total assets Current liabilities eBook Print References Total current liabilities Non Current liabilities Total liabilities Contributed capital Total equity Total liabilities and on itu Saved Help Sa Liabilities Equity Novt 30 points 1 eBook Print References Analysis Component: 1. What percentage of the assets is financed by debt? (Round the final answer to 2 decimal places.) Asset financed by debt % 2. What percentage of the assets is financed by equity? (Round the final answer to 2 decimal places.) Asset financed by equity %