Better Corporation completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,500. 5. Borrowed $15,000 cash from the bank. 6. Paid a $7,500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $40,000. Required

Better Corporation completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,500. 5. Borrowed $15,000 cash from the bank. 6. Paid a $7,500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $40,000. Better Corporation completed the following transuctions dising Year 2 : 1. Purchased tand for $7,500 eash 2. Acquited $30,000 cash from the ksue of common stock. 3. foccelved $69,000 cash for providing services to customers 4. Paid cashoperating expenses of $41500. 5. Borrawed \$15.000 cash from the bank. 6. Paid a 57.500 cash dividend to the stockbolders. 7. Defermined that the market value of the land purchared in eveat 1k540000 Required B. Pecord the transactions in the accounting equation for Year 2 . Record the amounts of reventie, copente, and divekend In the Retalned fernings column. Provide the appropidote ities for thesse accounts in the last column of the lable b. As of December 3i, Year 2 delermine the lotal amount of assets. liabilibes, and stockholders' ecguty and present this information in the form of an accounting equation. c. What is the amount ot fotal asweth, liabihties; and stock holigens equilly as of Janeary 1 Year 3 ? Better Corporation completed the following transactions during Year 2: 1. Purchased land for $7,500 cash. 2. Acquired $30,000 cash from the issue of common stock. 3. Received $69,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,500. 5. Borrowed $15,000 cash from the bank. 6. Paid a $7,500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $40,000. Better Corporation completed the following transuctions dising Year 2 : 1. Purchased tand for $7,500 eash 2. Acquited $30,000 cash from the ksue of common stock. 3. foccelved $69,000 cash for providing services to customers 4. Paid cashoperating expenses of $41500. 5. Borrawed \$15.000 cash from the bank. 6. Paid a 57.500 cash dividend to the stockbolders. 7. Defermined that the market value of the land purchared in eveat 1k540000 Required B. Pecord the transactions in the accounting equation for Year 2 . Record the amounts of reventie, copente, and divekend In the Retalned fernings column. Provide the appropidote ities for thesse accounts in the last column of the lable b. As of December 3i, Year 2 delermine the lotal amount of assets. liabilibes, and stockholders' ecguty and present this information in the form of an accounting equation. c. What is the amount ot fotal asweth, liabihties; and stock holigens equilly as of Janeary 1 Year 3