Its saying my answer is incomplete, but I dont see what I am missing. Can someone please help me out?
Return to question 10 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 2.94 points Required a. The January 1, 2018, general ledger account balances are shown in the following accounting equation. Record the eight events in the a 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 e. Determine the percentage of assets that were provided by retained earnings. Can you determine the cash in retained earnings? Return to question January 1, 2018, general ledger account balances are shown in the following accounting equation. Record the eight events 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 balances with a minus sign. Select "NA i if there is no effect on the "Account Titles for Retained Earnings) Show lessa DAKOTA COMPANY Accounting Equation for 2018 Assets Stockholders' Equity Account Titles for Retained Earnings Event Notes Common Stock Cash Land 10,000 22,500 5,000 17,500 1/1/2018 20,000 20,000 NA NA NA - 2. (22,500) 22,500 10,000 30,000 (2,000)+ 3. 10,000 30,000Service revenue | -(2,000:0|Utilities expense (20,000)Operating 5. 6. (20,000)+ (1,000) Dividends NA 1,000)+ Totals | 24.500 | 45.000 35.000 i. I 24,500 24,500 + 45,000 I= 10,000 Return to qu c. Det termine the percentage of assets that were provided by retained earnings. Can you determine the cash in retained earning & Answer is not complete. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req 83 Req 84 Req C Prepare an income statement for the 2018 accounting period DAKOTA COMPANY Income Statement For the Year Ended December 31, 2018 Service revenue$ 30,000 Utilities expense Operating expense (20,000) Net income
