Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $31,000 cash from the issue of common stock. 2. Borrowed $39,000 cash from National Bank. 3. Earned cash revenues of $49,000 for performing services. 4. Paid cash expenses of $45,500. 5. Paid a $1,100 cash dividend to the stockholders. 6. Acquired an additional $21,000 cash from the issue of common stock. 7. Paid $10,000 cash to reduce the principal balance of the bank note. 8. Paid $54,000 cash to purchase land. 9. Determined that the market value of the land is $76,000.

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $31,000 cash from the issue of common stock. 2. Borrowed $39,000 cash from National Bank. 3. Earned cash revenues of $49,000 for performing services. 4. Paid cash expenses of $45,500 5. Paid a $1,100 cash dividend to the stockholders. 6. Acquired an additional $21,000 cash from the sssue of common slock. 7. Paid $10,000 cash to reduce the principal balance of the bank note. 8. Paid $54,000 cash to purchase land. 9. Determined that the market value of the land is $76,000. o. Record the preceding transactions in the Horizontal Financial Statements Model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). If the element is not affected by the event, leave the cell blank. The first event is shown as an example. Note: Enter any decreases to account bolances and cash outflows with a minus sian. Lenve ralle himml if ma immit is needed