Dakota Company experienced the following events during Year 2: 1. Acquired $10,000 cash from the issue of common stock. 2. Paid $10,000 cash to purchase land. 3. Borrowed $10,000 cash . 4. Provided services for $25,000 cash 5. Paid $1,500 cash for utilities expense . 6. Paid $15,000 cash for other operating expenses . 7. Paid a $3,750 cash dividend to the stockholders . Determined that the market value of the land purchased in Event 2 is now $12,500 .

Dakota Company experienced the following events during Year 2: 1. Acquited $10.000 cash from the issue of common stock. 2. Paid $10,000 cash to purchase land. 3. Borrowed $10,000cash. 4. Provided services for $25,000 cash. 5. Paid $1,500 cash for utilities expense. 6. Paid $15,000 cash for other operating expenses. 7. Paid a $3,750 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $12,500. Required a. The January 1, Year-2, general ledger account balances are shown in the following accounting equation. Record the elght events in the approptiate general ledger accounts. Record the amounts of revence, expense, and dividends in the Retained Eatnings column. 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 perlodi b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a yeat end balance sheet for the Year 2 accounting period: b-4. Prepore a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that wete provided by retained earnings. e-2. How much cash is in the Retained Earnings account? \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ DAKOTA COMPANY } \\ \hline \multicolumn{1}{|c|}{ Statement of Changes in Stockholders' Equity } \\ \hline Foginning common stock \\ \hline & Ynded December 31, Year 2 \\ \hline Ending common stock \\ \hline Beginning retained earnings & \\ \hline & \\ \hline Ending retained earnings & \\ \hline Total stockholders' equity & \\ \hline \end{tabular} Determine the percentage of assets that were provided by retained earnings. (Round your answer to 1 decimal place.) How much cash is in the Retained Earnings account