Mark's Consulting experienced the following transactions for Year 1, its first year of operations, and Year 2. Assume that all transactions involve the receipt or payment of cash. Transactions for Year 1 1. Acquired $85,000 by Issuing common stock 2. Received $100,000 cash for providing services to customers 3. Borrowed $16,000 cash from creditors 4. Pald expenses amounting to $53,000 5. Purchased land for $40,000 cash Transactions for Year 2 Beginning account balances for Year 2 ore Cash wand Notes payable Con stock Retained earnings 5108,000 40,000 20.000 09,000 47,000 1. Acquired an additional $26.000 from the issue of common stock 2. Received $137.000 for providing services 3. Pald $11,000 to creditors to reduce loon 4 Pald expenses amounting to $60.000 5. Paid $15.500 dividend to the stockholder 6. Determined that the market value of the land is $50.000 63. Prepare a year-end balance sheet for each year account 14. Prepare a statement of cash flows for each year accountir c. Determine the amount of cash that is in the retained earning e. Determine the balance in the Retained Earnings account im is recorded Answer is not Complete this question by entering your answers in the tab 81 RE Reg 13 R 84 100 DO Determine the amount of cash that is in the retained a Determine the balance in the Retained Eamings account im is recorded Answer is not Complete this question by entering your answers in the tat Reg H2 83 Req me to bilan in the retained in account imediately Wara. 1000 210.000