2. At the beginning of Year 2. Better Corp.'s accounting equation showed the following accounts and balances 10 points Event Assets BETTER CORP. Accounting Equation Liabilities Stockholders' Equity Notes Common Retained Payable Stock Earnings 12,600 7,600 21,800 Accounting Titles for Retained Earnings Skoped Balance 1/1/Year 2 Cash Land 16,000 26,000 eBook Hint Better Corp. completed the following transactions during Year 2 Print References 1. Purchased land for $8,000 cash 2. Acquired $31.000 cash from the issue of common stock. 3. Received $70,000 cash for providing services to customers 4. Pald cash operating expenses of $41400 5. Borrowed $16,000 cash from the bank 6. Paid o $8,000 cash dividend to the stockholders 7. Determined that the market value of the land purchased in event is $41.000 Required a. Record the transactions in the accounting equation for Year 2 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 haramkar Var Haramminatha Amate limbi herrinnerant the information in a. Record the transactions in the accounting equation for Year 2 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. b. As of December 31 Year 2 determine the total amount of assets. liabilities and stockholders' equity and present this information in the form of an accounting equation c. What is the amount of total assets. libilities, and stockholders equity as of Jenuary 1 Year 3? 10 tants Skod Complete this question by entering your answers in the tabs below. Rega Me and Record the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Retained Earnings colum Provide the appropriate titles for these accounts in the last column of the table (Enter any decreases to account balances with a minus sign if there is no effect on the Accounts Titles for Retained tamningu, leave the collblank. Not all calls require input.) Accounting Equation Accounting Equation for Year 2 Event Assets Liabilities Stockholders Accounts Titles for Notes Common Land Retained Cash Retained Earnings Payable Stock Earnings Balance Year 2 16.000 25.000 7600 21100 1 Now > + Event Assets 10 points Accounting Equation Accounting Equation for Year 2 Liabilities Stockholders' Equity Notes Common Retained Land Payable Stock Earnings 26,000 = 12,600 - 7,600 21,800 Accounts Titles for Retained Earnings Cash + 11 Skipped Balance 1/1/Year 2 16.000 . 1. . eBook 2 = 3 Hint 4. + + + + + + + + Print References 5 6 7 Totals RA Req B and C>