Nevada Companies experienced the following events during its first year of operations: 1. Acquired $1,000 cash from the issue of common stock. 2. Paid $24 cash for utilities expense. 3. Paid a $1,500 cash dividend to the stockholders. 4. Provided boarding services for $6,000 cash. 5. Purchased additional land for $2,500 cash 6. Determined the market value of the land to be $24,000 at the end of the accounting period. 7. Acquired an additional $16,000 cash from the issue of common stock. 8. Paid $3,500 cash for salary expense 9. Borrowed $10,000 cash from New South Bank. 10. Paid $6,000 cash to purchase land 11. Provided additional boarding services for $10,500 cash