1. Acquired $30,000 cash from the issue of common stock.
2. Paid $12,000 cash to purchase land.
3. Borrowed $10,000 cash.
4. Provided services for $20,000 cash.
5. Paid $1,000 cash for utilities expense.
6. Paid $15,000 cash for other operating expenses.
7. Paid a $2,000 cash dividend to the stockholders.
8. Determined that the market value of the land purchased in Event 2 is now $12,700.

Required a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. 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. The first event is shown as an example. b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. How much cash is in the Retained Earnings account?

I have done most of it just missing bits and peices here and there.

Assets + Event Account Titles for Retained Earnings Cash DAKOTA COMPANY Accounting Equation for Year 2 Liabilities Stockholders' Equity Notes Common Land Retained Payable Stock Earnings 12,000 = 0 + 6,000 + 8,000 30,000 + 12,000/= + Beginning balance 1. + 2. + + 3. + 2,000 + 30,000 + (12,000) 10,000+ 20,000+ (1,000) + (15,000) + (2,000) 4. + + + + 5. + + 20,000 Service revenue (1,000) Utilities expense (15,000) Operating expense (2,000) Dividends 6. 7. + + 8. + + Totals 32,000 + 24,000 = 01 + 36,000 + 10,000 DAKOTA COMPANY Income Statement For the Year Ended December 31, Year 2 Service revenue $ 20,000 Utilities expense (1,000) Operating expense (15,000) Net income $ 4,000 DAKOTA COMPANY $ 36,000 Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock $ 6,000 Plus: Common stock issued 30,000 Ending common stock Beginning retained earnings 8,000 Plus: Net income 4,000 Less: Dividends 2,000 Ending retained earnings Total stockholders' equity GA 10,000 46,000 $ DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Assets Land $ 24,000 32,000 Cash Total assets $ 56,000 Liabilities Notes payable $ 10,000 S 10,000 Total liabilities Stockholders' Equity Retained earnings Common stock $ 10,000 36,000 Total stockholders' equity Total liabilities and stockholders' equity 46,000 56,000 A DAKOTA COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Cash receipts from customers $ Cash payments for other operating expense Cash payment for utilities expense 20,000 (15,000) (1,000) S 4,000 Net cash flow from operating activities Cash flows from investing activities: Cash paid to purchase land $ (12,000) (12,000) Net cash flow from investing activities Cash flows from financing activities: Cash receipts from stock issue Cash payments for dividends Cash receipts from loan $ 30,000 (2,000) 10,000 38,000 Net cash flow from financing activities Net increase in cash Plus: Beginning cash balance Ending cash balance 2,000 2,000 S Percentage of assets % How much cash is in the Retained Earnings account