Below are the steps in the measurement process of external transactions. Arrange them from first (1) to last (6). Answer is complete but not entirely correct. Post transactions to the general ledger. Assess whether the transaction results in a debit or credit to account balances. Use source documents to identify accounts affected by an external transaction. Analyze the impact of the transaction on the accounting equation. Prepare a trial balance. Record the transaction in a journal using debits and credits. 4 2 1 5 +6 3 X

Below are the steps in the measurement process of external transactions. Arrange them from first (1) to last (6). Answer is complete but not entirely correct. \begin{tabular}{|c|c|c|} \hline Poot transactions to the goneral ledger. & 4 & 8 \\ \hline Assess whether the transaction results in a debit or credit to account balances. & 2 & \\ \hline Use source documents to identfy accounts affected by an external transaction. & 1 & 0 \\ \hline Analyze the impact of the transaction on the accounting equation. & 5 & \\ \hline \begin{tabular}{l} Prepare a trial balance. \\ Record the transaction \end{tabular} & 6 & Q \\ \hline Record the transaction in a joumal using dobils and credits. & 3 & (2) \\ \hline \end{tabular} Rework Table 7.4 for horizon years 1,2,3, and 10 , assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $3 at the end of the first year. What value would an investor place on the stock? Do not round intermediate calculations. Round your answers to 2 decimal places