At the beginning of Year 2. Better Corp.s accounting equation showed the following accounts and balances Event Assets Accounting Titles for Retained Earnings BETTER CORP. Accounting Equation Liabilities Stockholders' Equity Notes Common Retained Payable Stock Earnings 12,600 7,600 21,800 Cash Land Balance 1/1/Year 2 16,000 26,000 Better Corp.completed the following transactions during Year 2: 1. Purchased land for $8,000 cash 2. Acquired $31.000 cash from the issue of common stock. 3. Received $70,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,400. 5. Borrowed $16,000 cash from the bank 6. Paid a $8,000 cash dividend to the stockholders, 7. Determined that the market value of the land purchased in event is $41,000. Required .. 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 Utles 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 the form of an accounting equation c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Record the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balances wit effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells require input.) Event Assets + Accounting Equation Accounting Equation for Year 2 Liabilities Stockholders' Equity Notes Common Retained Land Payable Stock Earnings 26,000 12,600+ 7,600 21.800 Accounts Titles for Retained Earnings Cash Balance 1/1/Year 2 16,000+ + + 1 2 10 + 3 4 5 6 7 +++ + Totals Req B and C> Complete this question by entering your answers in the tabs below. Req A Reg B and C 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. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Assets Liabilities Stockholders Equity b + C +