Dakota Company experiences the following events during 2018:

1. Acquired $30,000 cash from the issue of common stock.

2. paid $12,000 cash to purchase land.

3. borrowed $10,000 cash.

4. provided services for $20,000 cash.

5. paid $1,000 cash for utilities expense.

6. paid $15,000 cash for operating expenses.

7. paid a $2,000 cash dividend to the stockholders.

8. Determines that the market values of the land purchased in event 2 is now 12,700.

Req A Req B1 Req B2 Req B3 Req B4 Prepare a year-end balance sheet for the 2018 accounting period DAKOTA COMPANY Balance Sheet As of December 31, 2018 Assets Total assets 0 Liabilities nces Total liabilities 5 0f Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 0 0 Req 82 1 of