Haben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquired $34,000 cash from the issue of common stock. Borrowed $36,000 cash from National Bank. Earned cash revenues of $52,000 for performing services. Paid cash expenses of $47,000. Paid a $1,400 cash dividend to the stockholders. Acquired an additional $24,000 cash from the issue of common stock. Paid $9,000 cash to reduce the principal balance of the bank note. Paid $57,000 cash to purchase land. Determined that the market value of the land is $80,000