PLEASE ANSWER USING A TABLE AS A VISUAL. USE A TABLE SHOWN IN THE QUESTION.

(The following information applies to the questions displayed be/ovv.j Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation. _ Acquired $37,000 cash from the issue of common stock. 2 Borrowed $33,000 cash from National Bank. 3. Earned cash revenues of $55,000 for performing services. 4. Paid cash expenses of $48,500. 5. Paid a $1,700 cash dividend to the stockholders. 6. Acquired an additional $27,000 cash from the issue of common stock. 1 Paid $8,000 cash to reduce the principal balance of the bank note. 8. Paid $60,000 cash to purchase land. 9. Determined that the market value of the land is $84,000 Problem 2-20A (Algo) Part a Required: a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, and FA for financing activity. The first event is recorded as an example. Note: Enter any decreases to account balances with e minus sign. Not all cells in the "Statement of Cash Flows" column may require en input - leave cells blank if there is no corresponding input needed. Horizontal Financial Statements Model for Year 1 in dit z or a formula calculEtW7 incorrect; nc *ntE Event umber 4. Total Assets Cash 37,000 33,000 e 55,000 (48,500) e (1,700) e 27,000 (8,000) e (60,000) e 24,000 57.800 Balance Sheet Liabilities Notes 33,000 (8,000) e 25,000 Stockholders' Equity Revenue Income Statement Expense Net Income Statement of Cash Flows Land 84,000 84,000 #cted in cell Common 37,000 31 ,3000 68 300 Retained 56,000 (48,000) (1,700) (60,000) (54,700) 37,000 33,000 e 55,000 e (48,500) e (1,700) 27,000 (8,000) e (60,000) e 24,000 57,800 IA