At the beginning of Year 2. Better Corp's accounting records had the following general ledger accounts and balances. Accounting Titles for Retained Earnings Event BETTER CORP. Accounting Equation Liabilities Stockholders. Equity Notes Payable Common Stock Retained Earnings 12,780 7.700 23,600 Assets Land 27.ee Cash 17,00 Balance 01/01/Year 2 Better Corp.completed the following transactions during Year 2: 1. Purchased land for $8.500 cash. 2 Acquired $32,000 cash from the issue of common stock 3. Received $71,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,300. 5. Borrowed $17.000 cash from the bank. 6. Paid a $8.500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $42.000. Required a. Record the transactions in the sppropriate 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. 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. Whet is the amount of total assets. lisbilities, and stockholders' equity as of January 1. Year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required 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.) Event Assets BETTER CORPORATION Accounting Equation for Year 1 Llabilities stockholders' Equity Land Notes Common Retained Payable Stock Earning 27,000 12,700 + 7.700+ 23,600 + Accounts Titles for Retained Earning Cash = 17,000+ Balance 1/1/Year 2 1 2 + + + 4 + + 5 + 6 + 7 Totals 17,000+ 27,000 12.700 7,700 + 23,600 Required A Required B >