The balance sheet of Lamont Bros. follow:
![](https://questions.transtutors.com/Transtutors001/Images/Transtutors001_baeb5698-e38d-4f87-b32f-59b47526b6af.png)
(a) What portions of Lamont's assets were provided by debt, contributed capital, and earned capital? Reduce contributed capital by the cost of the treasury stock.
(b) Compute the company's debt/equity ration if the preferred stock issuance was classified as a long-term debt.
(c) In most states, to what dollar amount of dividends would the company belimited?