Dakota Company experienced the following events during Year 2: 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 utilities expense. 6. Pald $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. Required a. The January 1, Year 2, account balances are shown in the following accounting equation Record the eight events in the approp accounts under an accounting equation. Record the amounts of revenue, expense, and dividends in the Retained Earnings colum Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example. b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period, b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b.4. Prepare a statement of cash flows for the Year 2 accounting period, c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Does the retained earning balance reflect the amount of cash that the company has available to pay dividends? d. Based on the December 31. Year 2, balance sheet, what is the largest cash dividend Dakota could pay? Complete this question by entering your answers in the tabs below. Reg A Req B1 Req B2 Req B3 Req B4 Reg C and D Prepare a statement of cash flows for the Year 2 accounting period. (Amounts to be deducted should be indicated with a minus sign.) DAKOTA COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: $ 0 Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: 0 Net cash flow from financing activities 0 Ending cash balance $ 0 Complete this question by entering your answers in the tabs below. Req A Req B1 Reg B2 Req B3 Req B4 Reg Cand D c-1. Determine the percentage of assets that were provided by retained earnings, (Round your answer to 1 decimal place (1.e., 0.234 should be entered as 23.4).) C-2. Does the retained earning balance reflect the amount of cash that the company has available to pay dividends? d. Based on the December 31, Year 2, balance sheet, what is the largest cash dividend Dakota could pay? Show less . 0-1. Percentage of assets c-2. Does the retained earning balance reflect the cash for dividends? d. Cash dividend