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6 Part 3 of 3 Required information [The following information applies to the questions displayed below) Maben Company was started on January 1, Year 1,

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6 Part 3 of 3 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 $35,000 cash from the issue of common stock 2. Borrowed $47,000 cash from National Bank 3. Eamed cash revenues of $63,000 for performing services. 4. Pald cash expenses of $52,500. 5. Pald a $2,500 cash dividend to the stockholders. 6. Acquired an additional $35,000 cash from the issue of common stock 7. Pald $12,000 cash to reduce the principal balance of the bank note. 8. Pald $46,000 cash to purchase land. 9. Determined that the market value of the land is $64,000 17 oints Book Print References c. Identity the asset source transactions and related amounts for Year 1. Sources of Assets Event Amount Total sources of assets

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