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On January 1, 2016, the following information was drawn from the accounting records of Carter Company: cash of $275; land of $2,025; notes payable of $575; and common stock of $1,150. Required a. Determine the amount of retained earnings as of January 1, 2016. unt of retained S 575 b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $375 cash dividend to the stockholders. Can the company pay this dividend? Yes O No c. As of January 1, 2016, what percent of the assets were acquired from creditors? (Round your answer to 1 decimal place.) 1 25 %] Percent of assets acquired of January 1, 2016, what percent of the assets were acquired from investors? (Round your answer to 1 decimal place.) Percent of assets acqud50 9% On January 1, 2016, the following information was drawn from the accounting records of Carter Company: cash of $275; land of $2,025; notes payable of $575; and common stock of $1,150. Required a. Determine the amount of retained earnings as of January 1, 2016. unt of retained S 575 b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $375 cash dividend to the stockholders. Can the company pay this dividend? Yes O No c. As of January 1, 2016, what percent of the assets were acquired from creditors? (Round your answer to 1 decimal place.) 1 25 %] Percent of assets acquired of January 1, 2016, what percent of the assets were acquired from investors? (Round your answer to 1 decimal place.) Percent of assets acqud50 9%

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