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.

1. What Percentage of assets is financed by debt

2. What percentage of assests is financed by equtiy

Problem 12-1A Corporate balance sheet preparation LO2 Account Balance $ 21,000 67,880 51,080 149,480 63,888 3,600 4,200 29,480 Account Description Accounts payable Accounts receivable Accumulated amortization, patent Accumulated depreciation, equipment Accumulated depreciation, vehicles Advertising payable Allowance for doubtful accounts Cash Common shares, 100,000 shares authorized; 25,000 shares were issued at an average price of $10.20; market price per share on March 31, 2020, was $11.40 Equipment Income tax payable Notes payable Patent Prepaid rent Retained earnings Unearned revenues Vehicles 474,000 55,800 150,000 115,880 55,800 2 28,200 82,200 Assume that all accounts have normal balances *$66.000 of the notes payable will be paid by March 31, 2021. SASSY PHARMACEUTICALS INC. Balance Sheet March 31, 2020 Assets Current assets $ Total current assets Property, plant and equipment Total property, plant and equipment Intangible assets S Total assets Liabilities Current liabilities $ 0 Total current liabilities Non Current liabilities Total liabilities 0 Equity Contributed capital 0 Total equity Total liabilities and equity