Better Corp. (BC) begon operations on January 1, Year 1. During Year 1, BC experienced the following accounting events 1. Acquired $7,000 cash from the issue of common stock 2. Borrowed $12,000 cash from the State Bank. 3. Collected $47,000 cash as a result of providing services to customers. 4. Paid $30,000 for operating expenses. 5. Paid an $8,000 cash dividend to the stockholders. 6. Paid $20,000 cash to purchase land. Required a. Record the events in an accounting equation like the one shown next. 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. The first event is shown as an example. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input leave cells blank if there is no corresponding Retained Earnings Input needed.) BETTER CORP Accounting Equation for Year 1 Liabilitie . Stockholders' Equity Notes Payable . Common stock - Retained Earning Assets Event Account Titles for Retained Earnings Deg a Borrowed Loan Provided Service 4. 5 Paid Operating expenses Paid dividend Land purchase b. As of December 31. Year 1, determine the total amount of assets, liabilities, and stockholders' equity and prepare a balance sheet Labinti Stockholders'Equity BETTER CORP Balance sheet As of December 31, Year 1 Total liabilities Stockholders' Equity Total stockholders' equity Total Babies and stockholders' equity c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1 Year 22 Anete ockholders' Equity d. Assume that the land hos a market value of $22,000 as of December 31, Year 1. At what amount will the land be shown on the December 31 Year 1. balance sheet