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-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