Carolina Company experienced the following events during 2014.

1.	Acquired $10,000 cash from the issue of common stock.
2.	Paid $25,000 cash to purchase land.
3.	Borrowed $7,500 cash.
4.	Provided services for $37,500 cash.
5.	Paid $1,500 cash for rent expense.
6.	Paid $22,500 cash for other operating expenses.
7.	Paid a $2,500 cash dividend to the stockholders.
8.	Determined that the market value of the land purchased in Event 2 is now $30,000.

b-1. Prepare an income statement for the 2014 accounting period. b-2. Prepare a statement of changes in equity for the 2014 accounting period b-3. Prepare a year-end balance sheet for the 2014 accounting period. b-4. Prepare a statement of cash flows for the 2014 accounting period. (Amounts to be deducted should be indicated with a minus sign.) c-1. Determine the percentage of assets that were provided by retained earnings. (Round your answer to 1 decimal place. (i.e., .234 should be entered as 23.4).)

b-2.

Prepare a statement of changes in equity for the 2014 accounting period

b-3.

Prepare a year-end balance sheet for the 2014 accounting period

b-4.

Prepare a statement of cash flows for the 2014 accounting period

c-1.	Determine the percentage of assets that were provided by retained earnings