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 $60,000 by issuing common stock. 2. Received $110,000 cash for providing services to customers. 3. Borrowed $17,000 cash from creditors. 4. Paid expenses amounting to $58,000. 5. Purchased land for $30,000 cash. Transactions for 2019 Beginning account balances for 2019 are: Cash Land Notes payable Common stock Retained earnings 52,000 $99,000 30,000 17,000 60,000