Better Corporation (BC) began 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. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. BETTER CORPORATION Accounting Equation for Year 1 Check my work Account Titles for Retained Earings Assets Liabilities + Stockholders' Equity Event Cash Land Notes Payable Common Stock Retained Earnings 0 0- 0+ 0+ o + Beginning Balance 1. Issued stock 2. Borrowed Loan 3. Provided Service 4. Paid operating expenses 5 Paid dividend 6. Land purchase Totals + + + + .