Acquired an additional

$24,000

from the issue of common stock.\ Received

$95,000

for providing services in Year 2.\ Paid

$15,000

to reduce notes payable.\ Paid expenses amounting to

$71,500

.\ Paid a

$3,000

dividend to the stockholders.\ Determined that the market value of the land is

$47,000

.\ Required\ a. Record the effects of each becounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table.\ b-1. Prepare an income statement for each year accounting period.\ b-2. Prepare a statement of changes in stockholders' equity for each year accounting period.\ b-3. Prepare a year-end balance sheet for each year accounting period.\ b-4. Prepare a statement of cash flows for each year accounting period.\ c. Determine the amount of cash in the retained earnings account at the end of Year 1 and Year 2.\ e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 and in Year 2 are recorded.

1. Acquired an additional $24,000 from the issue of common stock. 2. Received $95,000 for providing services in Year 2 . 3. Paid $15,000 to reduce notes payable. 4. Paid expenses amounting to $71,500. 5. Paid a $3,000 dividend to the stockholders. 6. Determined that the market value of the land is $47,000. Required a. Record the effects of each becounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table. b-1. Prepare an income statement for each year accounting period. b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. b-4. Prepare a statement of cash flows for each year accounting period. c. Determine the amount of cash in the retained earnings account at the end of Year 1 and Year 2. e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 and in Year 2 are recorded