At the beginning of 2016, Better Corp.s accounting records had the following general ledger accounts and balances.

BETTER CORP. Accounting Equation
Event	Assets		=	Liabilities	+	Stockholders Equity		Accounting Titles for Retained Earnings
	Cash	Land		Notes Payable		Common Stock	Retained 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" if there is no effect on the "Accounts Titles for Retained Earnings".)

b.	As of December 31, 2016, determine the total amount of assets, liabilities, and stockholders equity and present this information in the form of an accounting equation.

c.	What is the amount of total assets, liabilities, and stockholders equity as of January 1, 2017?