Question: Need help with this accounting problem: Brief Exercise 1-5 (Algo) Interpreting the accounting equation LO 1-5 Live Right Incorporated provides crises management services for celebrities

Need help with this accounting problem:

Brief Exercise 1-5 (Algo) Interpreting the accounting equation LO 1-5 Live Right Incorporated provides crises management services for celebrities and political figures. The company was started when it acquired $34,000 cash from creditors and $147,000 from owners. The company immediately purchased a building that cost $78,000. Required: a. Live Right Incorporated's obligations to creditors represent what percentage of total assets? b. Live Right Incorporated's stockholders' equity represents what percentage of total assets? Note: For all requirements, round your answers to the nearest whole percentage

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