Acquired $$34,000$ cash from the issue of common stock.

Borrowed $$36,000$ cash from National Bank.

Earned cash revenues of $$52,000$ for performing services.

Paid cash expenses of $$47,000.$

Paid a $$1,400$ cash dividend to the stockholders.

Acquired an additional $$24,000$ cash from the issue of common stock.

Paid $$9,000$ cash to reduce the principal balance of the bank note.

Paid $$57,000$ cash to purchase land.

Determined that the market value of the land is $$80,000.$

Required:

a$.$ Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, and FA for financing activity. The first event is recorded as an example.

Note: Enter any decreases to account balances with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input $-$ leave cells blank if there is no corresponding input needed.