Better Corporation completed the following transactions during Year $2$:

Purchased land for $$5,500$ cash.

Acquired $$26,000$ cash from the issue of common stock.

Received $$65,000$ cash for providing services to customers.

Paid cash operating expenses of $$41,900.$

Borrowed $$11,000$ cash from the bank.

Paid a $$5,500$ cash dividend to the stockholders.

Determined that the market value of the land purchased in event $1$