Event Balance 1/1/Year 2 1 2 Assets Accounting Equation Accounting Equation for Year 2 Liabilities . Stockholders' Equity Notes Common Cash 4 Land Payable Stock Retained Earnings 11,000 (5.500) + + 21,000 = 12,100 + 7,100 + 12,800 [ = Accounts Titles for Retained Earnings + + + 26,000 + 3 65,000 + + Revenue 4 (41.900) Operating + = . expenses 5 11,000+ = 11,000+ + 6 (5,500)+ + + Dividend 7 4 . + 34,100 21,000 N 23.100 + 33,100 12,800 Req B and C > Totals O