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Problem: Module 1 Textbook Problem 1 Leorning Objective: 1-3 Show how business events affect the accounting equetion At the heginning of Year 2, Better Corp.'s accounting equation showed the following accounts and balances: Better Corp. completed the following transactions during Year 2 : 1. Purchased land for $11,000 cast. 2. Acquired $37,000 cash from the issue of common stock. 3. Recelved $76,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,800. 5. Borrowed $22,000 cash from the bank. 6. Paid a $11,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $47,000. Required a. Record the transactions in the accounting equation for Year 2 . Record the amounts of revenue, expense, and dividends in the Relained Earnings column. Provide the appropriale litles for these accouniss in the last column of the lable. Record the transactions in the accounting equation for Year 2 . Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriale titles for these accounts in the last column of the table. - As of December 31, Year 2, determine the total amount of assets, liabilitles, and stockholders' equity and present this information in the form of an accounting equation. What is the amount of total assets, liabilities, and stockholders' equity as of January 1 , Year 3 ? Complete this question by entering your answers in the tabs below. As of December 31, Year 2 , determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Complete this question by entering your answers in the tabs below. Record the transactions in the accounting equation for Year 2 . Hecord the amounts of revenue, expense, and dividends in the Retalned tarnings column. Provide the appropriate titles for these acrounts in the last column of the tahle. (Fnter any decreases to acrount halances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells require input.)