At the beginning of 2016, Better Corp.'s accounting records had the following general ledger accounts and balances BETTER CORP Accounting Equation Accounting Titles Event Assets = Liabilities - Stockholders' Equity for Retained Earnings Notes Common Retained Cash Land Payable Stock Earnings Balance 1/1/2016 10,000 20,000 12,000 7,000 11,000 Better Corp.completed the following transactions during 2016 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to customers 4. Paid cash operating expenses of $42,000 5. Borrowed $10,000 cash from the bank 6. Paid a $5,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $35,000. 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 column of the table. (Enter any decreases to account balances with a minus sign. Select "NA" there is no effect on the "Accounts Titles for Retained Earnings":) Event Assets Cash + Balance 1/1/2016 1 2 3 4 BETTER COPRPORATION Accounting Equation for 2016 - Liabilities Stockholders' Equity Accounts Titles for Common Notes Retained Land Retained Earnings Payable Stock Earnings 20,000 - 12,000+ 7,000 11,000 5.000 25,000 75,000 Revenue (42,000) Operating expenses 10,000 - (5,000) Dividend 30.000 - 30,000 NA 55.000 22.000 - 32,000 - 69,000 10,000+ (5,000) 25,000 75,000 (42.000) - 10,000 (5.000) + + 5 6. 7 . Totals 68,000