Assets Liabilities sto doh olders Equity for Retain Notes Common Retained Balance 1/1/2014 16.000 26.000 12,600 7.600 21800 Foster Corp. completed the following transactions during 2014 1. Purchased land for $8,000 cash 2. Acquired $31,000 cash from the issue of common stock. 3. Received $70.000 cash for providing services to oustomers. 4, Paid oash operating expenses of $41,400. 6. Borrowed $16,000 cash from the bank. 6. Paid a $8,000 cash dividend to the stockholders, 7. Determined that the market value of the land purchased in event 1 is$41.000. Required a. Record the transactions 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 oolumn of the table. (Enter any decreases to acoount balances with a minus sign. Select "NA" if there is no effect on the "Accou Ites for Retained Earnings" FOSTER CORP