1.42 points Susan's Consulting experienced the following transactions for 2014, its first year of operations, and 2015. Assume that all transactions involve the receipt or payment of cash. Transactions for 2014 1. Acquired $80,000 by issuing common stock. 2. Received $105,000 cash for providing services to customers. 3. Borrowed $17,000 cash from creditors. 4. Paid expenses amounting to $54,000. 5. Purchased and for $30,000 cash. Transactions for 2015 Beginning account balances for 2015 are: $118,000 Cash Land 30.000 Notes payable 17,000 Common stock 80,000 Retained 51,000 earnings 1. Acquired an additional $25,000 from the issue of common stock. 2. Received $136,000 for providing services. 3. Paid $12,000 to creditors to reduce loan. 4. Paid expenses amounting to $61,000. 5. Paid a $14,000 dividend to the stockholders. 6. Determined that the market value ofthe land is $40,000. Required a. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column ofthe table. (Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Account Titles for Retained Earnings") SUSAN'S CONSULTING Accounting Equation for 2014 Stockholders' Equity Assets Account Titles for Event Retained Retained Earnings Notes Common Cash Land Payable Stock Totals