Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation:Acquired $37,000 cash from the issue of common stock. Borrowed $33,000 cash from National Bank. Earned cash revenues of $55,000 for performing services. Paid cash expenses of $48,500. Paid a $1,700 cash dividend to the stockholders. Acquired an additional $27,000 cash from the issue of common stock. Paid $8,000 cash to reduce the principal balance of the bank note. Paid $60,000 cash to purchase land. Determined that the market value of the land is $84,000. Determine the percentage of assets that were provided by investors, creditors, and earnings.

The assets as given above are as follows:

Acquired $37,000 cash from the issue of common stock.

Borrowed $33,000 cash from National Bank less paid $8,000 cash to reduce the principal balance of the bank note which gives a balance of $25,000.

Earned cash revenues of $55,000 for performing services less paid cash expenses of $48,500 less paid a $1,700 cash dividend to the stockholders.

This gives a total earned revenue of $4,800.

Acquired an additional $27,000 cash from the issue of common stock.

The market value of the land is $84,000 less paid $60,000 cash to purchase land = $24,000.

Total asset = $37,000 + $25,000 + $4,800 + $27,000 + $24,000 = $117,800

Total asset provided by investors, creditors, and earnings = $37,000 + $25,000 + $4,800 + $27,000 = 93,800

P ercentage of assets that were provided by investors, creditors, and earnings = 93,800 / 117,800 x 100% = 79.6%