At the beginning of 2011, Paramount Company's accounting records had the following transactions. Purchased land for $12,000 cash Acquired $20,000 cash from the issue of common stock Received $50,000 cash for providing services to customers Paid cash operating expenses of $42,000 Paid $20,000 cash on notes payable Paid a 2.000 cash dividends to stockholders Determined that the market value of the land is $75,000 Instructions: Record the above transactions in the general journal. What is the amount of total assets at the end of 2011