Dakota Company experlenced the following events during Year 2 : 1. Acquired $20,000 cash from the issue of common stock. 2. Pald $20,000 cash to purchase land. 3. Borrowed $5,000 cash. 4. Provided services for $40,000 cash. 5. Pald $1,000 cash for utillties expense. 6. Pald $20,000 cash for other operating expenses. 7. Pald a $3,250 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $25,000. Required a. The January 1, Year 2, general ledger account balances are shown In the following accounting equation. Record the elght events In the approprlate general ledger accounts. Record the amounts of revenue, expense, and dividends In the Retalned Earnings column. Provide the approprlate 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 perlod. b-3. Prepare a year-end balance sheet for the Year 2 accounting perlod. b.4. Prepare a statement of cash flows for the Year 2 accounting perlod. c-1. Determine the percentage of assets that were provided by retalned earnings. c.2. How much cash is in the Retained Earnings account? Complete this question by entering your answers in the tabs below