I need all parts to this problem. Sheet by sheet.
Dakota Company experienced the following events during 2018 1. Acquired $20,000 cash from the issue of common stock 2. Paid $22,500 cash to purchase land. 3. Borrowed $10,000 cash 4. Provided services for $30,000 cash. 5. Paid $2,000 cash for utilities expense. 6. Paid $20,000 cash for other operating expenses 7. Paid a $1,000 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, 2018, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate 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 2018 accounting period b-2. Prepare a statement of changes in equity for the 2018 accounting period. b-3. Prepare a year-end balance sheet for the 2018 accounting period b-4. Prepare a statement of cash flows for the 2018 accounting period c. Determine the percentage of assets that were provided by retained earnings. Can you determine the cash in retained earnings? The January 1, 2018, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example. (Enter any decreases to account Show moreV: DAKOTA COMPANY Accounting Equation for 2018 Assets - Liabilities+Stockholders' Equity Account Titles for Retained Earnings Event LandPayable Common Retained Bal 1/1/2018 0,000 22,500 15,000+ 17,500 20,000 20,000+ NA 2. 3. 6. Totals 30,000+ 22.5001 35,000+ 17,500 Complete this questin by entering y our answers in the tabs below Req A Req B1 Req B2 Req B3 Req B4 Req C Prepare an income statement for the 2018 accounting period. DAKOTA COMPANY Income Statement For the Year Ended December 31, 2018 Complete this question by entering your answers in the tabs below. Req A Req B1 Req 82 Req B3 Req B4 Req C Prepare a statement of changes in equity for the 2018 accounting period Book Hint Print rences DAKOTA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Ending common stock Beginning retained earnings 0 Ending retained earnings Total stockholders' equity Req B1 Req B3 Prepare a year-end balance sheet for the 2018 accounting period. DAKOTA COMPANY Balance Sheet As of December 31, 2018 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 0 0 K Prev 4 of 5 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: es Net cash flow from financing activities Ending cash balance 0 Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3 Req B4 Req C Determine the percentage of assets that were provided by retained earnings. Can you determine the cash in retained earnings? (Round your answer to 1 decimal place.) Percentage of assets Can you determine the cash in retained earmings? K Req B4
