v

Required information Problem 1-33A (Static) Interrelationships among financial statements LO 1-6, 1-7, 1-8, 1-9 [The following information applies to the questions displayed below.] Pratt Corporation started the Year 2 accounting period with total assets of $30,000 cash, $12,000 of liabilities, and $5,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $7,550. The bookkeeper reported that Pratt paid cash expenses of $26,000 and paid a $2,000 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $3,000 cash to reduce the liability owed to a bank, and the business acquired $4,000 of additional cash from the issue of common stock. Assume all transactions are cash transactions. Problem 1-33A (Static) Part e e. Determine the percentage of total assets provided by creditors, investors, and earnings. Note: Round your answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45 )