50 points eBook Print References ! Required information [The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $36,000 cash from the issue of common stock. 2. Borrowed $34,000 cash from National Bank. 3. Earned cash revenues of $54,000 for performing services 4. Paid cash expenses of $48,000. 5. Paid a $1,600 cash dividend to the stockholders. 6. Acquired an additional $26,000 cash from the issue of common stock. 7. Paid $9,000 cash to reduce the principal balance of the bank note. 8. Paid $59,000 cash to purchase land. 9. Determined that the market value of the land is $83,000. Required: a. Record the preceding transactions in the Horizontal Financial Statements Model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). If the element is not affected by the event, leave the cell blank. The first event is shown as an example. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed. Event 1. 2. 3. Assets Cash + Land 36,000+ 46,000+ 62,000+ MABEN COMPANY Horizontal Financial Statements Model for Year 1 Balance Sheet Liabilities Notes Payable + + + Stockholders' Equity Common Stock + 36,000 + + Retained Revenue Earnings Income Statement Expenses ||||| Net Income Statement of Cash Flows 36,000 FA

Required information [The following information appless fo the quostions displayed below] Maben Company was started on Lanuary 1 , Year t and experienced the following events during its first year of operation: 1. Acquired $36,000 cash from the issue of common stock. 2. Borrowed $34,000 cash from National Bank. 3. Earned cash revenues ot $54000 for performing services 4. Paid cash expenses of $48.000 5. Paid o $1,600 casti dividend to the stockholders 6. Acquired an additional $26.000 cash from the issue of common stock. 7. Paid $9000 cash to reduce the principal balance of the bank note. 8. Paid $59,000 cash to purchase land 9. Determined that the market value of the land is $83.000 Required: a. Recoid the preceding transactions in the Hocizontas Financial Satements Modei Aro, in the Cash Flows column, classify the cash flows as operating activites (OA), investing activites ( (A), or thancing activities (FA) if the element is not affected by the event, leave ve cell blark. The first event is shown as an example Note: Enter any decreases to account balances and cash outhows with a minus sign. Leave ceas blank if no input is needed. Record the preceding transactions in the Horizontal Financial Statements Model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). If the element is not affected by the event, leave the cell blank. The first event is shown as an example Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave celis blank if no input is needed