1 Acquired $7,000 cash from the issue of common stock 2. Borrowed $12,000 cash from the State Bank. 3. Collected $47.000 cash as a result of providing services to customers. 4. Paid $30,000 for operating expenses. 5. Paid an $8,000 cash dividend to the stockholders. 6. Paid $20,000 cash to purchase land. Required a. Record the events in an accounting equation like the one shown next. 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. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input - leave cells blank if there is no corresponding Retained Earnings input needed.) rences BETTER CORP Accounting Equation for Year 1 Stockholders' Equity - Notes Payable Common Stock Retained Earning Beg Ba issued stock 1. 2. Bol an 3 Provided Service Paid operating expenses Paid dividend Land purchase b. As of December 31, Year 1, determine the total amount of assets, liabilities, and stockholders' equity and prepare a balance sheet. Assets = Liabilities + Stockholders' Equity ec points eBook BETTER CORP Balance Sheet As of December 31, Year 1 Assets References Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total abilities and stockholders' equity c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 2? -Book Print Assets Liabilities + Stockholders' Equity eferences d. Assume that the land has a market value of $22,000 as of December 31, Year 1. At what amount will the land be shown on the December 31, Year 1, balance sheet? Amount