Better Corp. completed the following transactions during Year 2: 1. Purchased land for $5,500 cash. 2. Acquired $26,000 cash from the issue of common stock. 3. Received $65,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,900. 5. Borrowed $11,000 cash from the bank. 6. Paid a $5,500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $36,000.