Name: Date: When the calculations for the requirements below are correct, the cells will change to yellow. Santana Rey has consulted with her local banker and is considering financing an expansion of her business by obtaining a long-term bank loan. Selected account balances at March 31, 2021, for Business Solutions follow. Total assets $120.268 Total liabilities $875 Total equity $119,393 Required: 1. The bank has offered a long-term secured note to Business Solutions. The bank's loan procedures require that a client's debt-t debt-to-equity ratio not exceed 0.8. As of March 31, 2021, what is the maximum amount that Business Solutions could borrow from this bank? (Round your intermediate calculations to the nearest whole dollar.) Maximum amount 2. Assume Business Solutions borrows the maximum amount allowed from the bank. (Round yor intermediate dollar values to the nearest whole dollar and final answers to 1 decimal place.) (a) What percentage of assets would be financed by debt? Percentage of assets financed by debt (b) What percentage of assets would be financed by equity? Percentage of assets financed by equity