Dakota Company experienced the following events during Year $2.$

Acquired $$15,000$ cash from the issue of common stock.

Paid $$15,000$ cash to purchase land.

Borrowed $$5,000$ cash.

Provided services for $$55,000$ cash.

Paid $$2,000$ cash for utilities expense.

Paid $$45,000$ cash for other operating expenses.

Paid a $$1,000$ cash dividend to the stockholders.

Determined that the market value of the land purchased in Event $2$ is now $$16,000.$

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.

Note: 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.