At the beginning of Year 2, Better Corporation's accounting equation showed the following accounts and balances: BETTER CORPORATION Accounting Equation Assets Liabilities Stockholders' Equity Notes Event Cash Land Payable Common Stock Retained Earnings Account Titles for Retained Earnings Balance 1/1/Year 2 23,000 33,000 13,300 8,300 34,400 Better Corporation completed the following transactions during Year 2: 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock. 3. Received $77,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,700. 5. Borrowed $23,000 cash from the bank. 6. Paid a $11,500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $48,000. Required a. 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 appropriate titles for these accounts in the last column of the table. b. 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. c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3?