At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP Accounting Equation Accounting Titles for Retained Earnings Event Liabilities + Notes Payable Common Stock Retained Earnings Assets Stockholders' Equit Cash 15,000 Land 25,000 Balance 01/01/Year 2 12,500 7,500 20,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,500 5. Borrowed $15,000 cash from the bank. 6. Paid a $7,500 cash dividend to the stockholders 7. Determined that the market value of the land purchased in event 1 is $40,000. Required a. Record the transactions in the appropriate genera 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 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? Required A Required B Required C 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".) BETTER CORPORATION Accounting Equation for Year 1 Stockholders' Equity Liabilities Notes Payable Event Assets Accounts Titles for Retained Retained Earnings Earnings Common Cash Land Stock 15,000+ 25,000 12,500 7,500 20,000 Balance 1/1/Year 2 3. 7 Totals Required A Required B> Complete this question by entering your answers i Required A Required B ERequiredC 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. AssetsLiabilities Stockholders Equity