Help Save & Ext Sub Check my wou transactions involve the receipt or payment of cash. Transactions for Year 1 1. Acquired $20,000 by issuing common stock. 2. Received $35,000 for providing services to customers. 3. Borrowed $25,000 cash from creditors. 4. Paid expenses amounting to $22,000. 5. Purchased land for $30,000 cash. Transactions for Year 2 Beginning account balances for Year 2 are: 30,000 References Notes payable Common stock Retained earnings 20,000 1. Acquired an additional $24,000 from the issue of common stock. 2. Received $95.000 for providing services in Year 2 3. Paid $15,000 to reduce notes payable. 4. Paid expenses amounting to $71,500. 5. Paid a $3,000 dividend to the stockholders. 6. Determined that the market value of the land is $47.000 Required a. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table b-1. Prepare an income statement for each year accounting period b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. b-4. Prepare a statement of cash flows for each year accounting period c. Determine the amount of cash in the retained earnings account at the end of year and Year 2 e. Determine the balance in the Retained Eminos account immediately after Event in Year and in Year 2 are recorded 1 of 1 Complete this question by entering your answers in the tabs below. Req A Req B1 Req BR Req B3 Req B4 Prepare a statement of changes in stockholders' equity for each year account indicated with minus sign.) MARK'S CONSULTING SERVICES Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock aces Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity MARK'S CONSULTING SERVICES Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock Beginning retained earnings Prev 1 of 1