1. Acquired $20,000 cash from the issue of common stock. 2. Paid $22,500 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $30,000 cash. 5. Paid $2,000 cash for utilities expense. 6. Paid $20,000 cash for other operating expenses. 7. Paid a $1,000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $25,000. Required a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example. b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? The January 1, Year 2 , general ledger account balances are shown in the following accounting equation. Record the eight events in thi general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retainec Earnings column. Provide the appro for these accounts in the last column of the table. The first event is shown as an example. (Enter any decreases to account balances sign. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells require input.) DAKOTA COMPANY Income Statement For the Year Ended December 31, Year 2 Prepare a statement of changes in equity for the Year 2 accounting period. Prepare a year-end balance sheet for the Year 2 accounting period. DAKOTA COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Complete this question by entering your answers in the tabs below. Determine the percentage of assets that were provided by retained earnings. (Round your answer to 1 decimal place.) Complete this question by entering your answers in the tabs below. Can you determine the cash in retained earnings