Question: ! Required information Problem 2 - 2 0 A ( Algo ) Showing how events affect the horizontal financial statements model LO 2 - 1

 ! Required information Problem 2-20A (Algo) Showing how events affect the

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Required information
Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 2-1
[The following information applies to the questions displayed below.]
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
Acquired $31,000 cash from the issue of common stock.
Borrowed $39,000 cash from National Bank.
Earned cash revenues of $49,000 for performing services.
Paid cash expenses of $45,500.
Paid a $1,100 cash dividend to the stockholders.
Acquired an additional $21,000 cash from the issue of common stock.
Paid $10,000 cash to reduce the principal balance of the bank note.
Paid $54,000 cash to purchase land.
Determined that the market value of the land is $76,000.
Problem 2-20A (Algo) Part f
f. Determine the percentage of assets that were provided by investors, creditors, and earnings.
Note: Round your answers to 2 decimal places.
\table[[,Assets],[Investors,63.53,%
horizontal financial statements model LO 2-1 [The following information applies to the

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