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At the beginning of Year 2. Better Corps accounting equation showed the following accounts and balances. BETTER CORAL Accounting Equation Event Assets Accounting Titles for Retained Earnings Stockholden Como Stock Lobilities Notes Payable 12,700 Cash 17,00 Balance 1/1/Year 2 Land 27. Retained Earning 2000 7700 Better Corp completed the following transactions during Year 2 1. Purchased land for $8.500 cash 2. Acquired $32000 cash from the issue of common stock 3. Received $71.000 cash for providing services to customers 4. Paid cash operating expenses of $41.300. 5. Borrowed $17.000 cash from the bank 6. Pald a $8.500 cash dividend to the stockholders 7. Determined that the market value of the land purchased in event is $42.000 Required a. Record the transactions in the accounting equation for Year 2 Record the amounts of revenue expense and dividends in the Retained Earnings column Provide the appropriate titles for these accounts in the last column of the table. b. As of December 31 Year 2. determine the total amount of assets, liabilities, and stockholders equity and present this information in the form of an accounting equation c. What is the amount of total assets. liabilities and stockholders' equity as of January 1. Year 3? Req Reqand Record the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Retained Earnings column Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreto account balances with a massion. If there is no effect on the Accounts Titles for Retained aming leave the cell blank Not all cells require input.) Event Assets - Accounting Equation Accounting Equation for Year 2 Liabilities Stockholders' Equity Notes common Retained Land Payable Stock Earnings 27.000 12.700 7.700 23.500 Cash Accounts Tities for Retained amnings Balance 1/1/ear 2 57000 - 1 - + . + + 2 3 4 5 6 7 + + Totals 17.000 27.000 12.700 7.700- 23.500 Required a. Record the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. b. As of December 31, Year 2. determine the total amount of assets. liabilities, and stockholders' equity and present this information in the form of an accounting equation c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1 Year 3? Complete this question by entering your answers in the tabs below. Req A Req B and C As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 37 Assets Liabilities Stockholders Equity