Mark's Consulting experienced the following transactions for 2018, its first year of operations, and 2019.Assume that all transactions involve the receipt or payment of cash.

Transactions for 2018

1. Acquired $85,000 by issuing common stock.
2. Received $135,000 cash for providing services to customers.
3. Borrowed $22,000 cash from creditors.
4. Paid expenses amounting to $53,000.
5. Purchased land for $35,000 cash.

Transactions for 2019

Beginning account balances for 2019 are:

Cash$154,000Land35,000Notes payable22,000Common stock85,000Retained earnings82,000

1. Acquired an additional $27,000 from the issue of common stock.
2. Received $137,000 for providingservices.
3. Paid $17,000 to creditors to reduce loan.
4. Paid expenses amounting to $68,000.
5. Paid a $11,500 dividend to the stockholders.
6. Determined that the market value of the land is $45,000.
7. b-3.fill in the year-end balance sheet for each year accounting period.