At the beginning of Year 2, Better Corporation's accounting records had the following general ledger accounts...

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At the beginning of Year 2, Better Corporation's accounting records had the following general ledger accounts and balances. Event Beginning Balance 01/01/Year 2 BETTER CORPORATION Accounting Equation Assets Liabilities + Cash Land Notes Payable 22,000 32,000 13,200 Better Corporation completed the following transactions during Year 2: 1. Purchased land for $11,000 cash. 2. Acquired $37,000 cash from the issue of common stock. 3. Received $76,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,800. 5. Borrowed $22,000 cash from the bank. 6. Paid a $11,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $47,000. Stockholders' Equity Common Stock Retained Earnings 8,200 32,600 Accounts Titles for Retained Earnings At the beginning of Year 2, Better Corporation's accounting records had the following general ledger accounts and balances. Event Beginning Balance 01/01/Year 2 BETTER CORPORATION Accounting Equation Assets Liabilities + Cash Land Notes Payable 22,000 32,000 13,200 Better Corporation completed the following transactions during Year 2: 1. Purchased land for $11,000 cash. 2. Acquired $37,000 cash from the issue of common stock. 3. Received $76,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,800. 5. Borrowed $22,000 cash from the bank. 6. Paid a $11,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $47,000. Stockholders' Equity Common Stock Retained Earnings 8,200 32,600 Accounts Titles for Retained Earnings