At the beginning of Year 2, Better Corporations accounting equation showed the following accounts and balances: BETTER CORPORATION Accounting Equation Event Assets = Liabilities + Stockholders Equity Account Titles for Retained Earnings Cash Land Notes Payable Common Stock Retained Earnings Balance 1/1/Year 2 25,000 35,000 13,500 8,500 38,000 Better Corporation completed the following transactions during Year 2: Purchased land for $12,500 cash. Acquired $40,000 cash from the issue of common stock. Received $79,000 cash for providing services to customers. Paid cash operating expenses of $40,500. Borrowed $25,000 cash from the bank. Paid a $12,500 cash dividend to the stockholders. Determined that the market value of the land purchased in event 1 is