Reference no: EM133247253
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
Acquired $29,000 cash from the issue of common stock.
Borrowed $41,000 cash from National Bank.
Earned cash revenues of $57,000 for performing services.
Paid cash expenses of $49,500.
Paid a $1,900 cash dividend to the stockholders.
Acquired an additional $29,000 cash from the issue of common stock.
Paid $10,000 cash to reduce the principal balance of the bank note.
Paid $52,000 cash to purchase land.
Determined that the market value of the land is $73,000.
Determine the percentage of assets that were provided by investors, creditors, and earnings.
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