Better Corporation completed the following transactions during Year 2: Purchased land for $7,000 cash. Acquired $29,000 cash from the issue of common stock. Received $68,000 cash for providing services to customers. Paid cash operating expenses of $41,600. Borrowed $14,000 cash from the bank. Paid a $7,000 cash dividend to the stockholders. Determined that the market value of the land purchased in event 1 is $39,000