Mark's Consulting Services 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 $1$

Acquired $$75,000$ by issuing common stock.

Received $$125,000$ for providing services to customers.

Borrowed $$20,000$ cash from creditors.

Paid expenses amounting to $$55,000.$

Purchased land for $$30,000$ cash.

Transactions for Year $2$

Beginning account balances for Year $2$ are:

$\backslash$table$[[$Cash$,$$$135,000$