Dakota Company experienced the following events during Year 2. 1. Acquired 525,000 cash from the issue of common stock 2 Paid $20,000 cash to purchase and. 3. Borrowed $20,000 cash 4. Provided services for $60,000 cash 5. Paid $2,000 cash for its expense. 6. Paid $40,000 cash for other operating expenses 7. Pald a $5,000 cash dividend to the stockholders B. Determined that the market value of the land purchased in Event 2 is now $25.000 Required The January 1 Year 2. general ledger account balances are shown in the following accounting equation Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue expense, and dividends in the Retained Earnings column Provide the appropriateities 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 nccounting period b.2. Prepare a statement of changes in equity for the Year 2 accounting period 1-3. Prepare a year and balance sheet for the Year 2 accounting period, 6.4. Prepare a statement of cows for the Year 2 occounting period 1. Determine the percentage of assets that were provided by retained caminos 2. Can you determine the cost in retained earning? Complete this question by entering your answers in the tabs below RA He 114 The lanuary 1 Year 2. general ledger utances are shown in the amounting to record the items in the Grader accounts. Record the amounts of revenue and dividence in the Raindance for the accounts in the last column the table. The first event is shown as an aman en moet Complete this question by entering your answers in the tabs below. Reg A Reg 1 Reg 32 Reg 33 Reg B4 Reg CI Reg CZ The January 1, Year 2, general ledger account balances are shown in the following accounting equation Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example. (Enter any decreases to account balances with a minus sign. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells require input.) Show Assets Event Cash DAKOTA COMPANY Accounting Squation for Year 2 Liabilities Stockholders' Equity Notes Common Retained Land Payable Stook Earnings 15.000 01 5.000 16.000 25.000 Account Titles for Retained aming Beg 5.000 25.000 1 5 2 3 Touls 50.000 15.000 30.000 15,000 Rog 1> Complete this question by entering your answers in the tabs below. Reg A Req B1 Req B2 Reg 83 Req B4 ReqC1 Reg C2 Prepare an Income statement for the Year 2 accounting period. DAKOTA COMPANY Income Statement For the Year Ended December 31, Year 2 RoqA Req B2 > retained earnings Complete this question by entering your answers in the tabs below. Req A Reg B1 Req B2 Req B3 Reg B4 Reg Ci Req C2 Prepare a statement of changes in equity for the Year 2 accounting period. DAKOTA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock Beginning retained earnings $ 0 Ending retained earnings Total stockholders' equity 0 $ 0 c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Req A Req B1 Reg B2 Req B3 Req B4 Reg C1 Reg C2 Prepare a year-end balance sheet for the Year 2 accounting period. DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Assets Total assets S 0 Liabilities $ 0 Total liabilities Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity s 0 Req A Req B1 Reg B2 Reg B3 Reg B4 Reg C1 Reg C2 Prepare a statement of cash flows for the Year 2 accounting period. (Cash outflows should be indicated with 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: ces Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities 0 Ending cash balance S 0 question by entering your answers in the tabs below. Req A Reg B1 Reg B2 Reg B3 Req B4 Reg C1 Reg C2 Determine the percentage of assets that were provided by retained earnings. (Round your answer to 1 decimalp Percentage of assets % a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Rec the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retai Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an e 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. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Reg A Reg B1 Reg B2 Reg B3 Reg 14 Reg CI Relacz Can you determine the cash in retained earnings? Can you determine the cash in retained eamings? ( Req C1