Prepare a year-end balance sheet for the Year 2 accounting DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Assets Total assets $ 0 Liabilities $ 0 Total liabilities Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ $ 0 Dakota Company experienced the following events during Year 2. 1. Acquired $30,000 cash from the issue of common stock. 2. Pald $12,000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $20,000 cash. 5. Pald $1,000 cash for utilities expense. 6. Paid $15,000 cash for other operating expenses. 7. Paid a $2,000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $12,700. Required a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. 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. The first event is shown as an example. b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. -4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 Required B3 Required 34 Required CI Required C2 The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the eight events in th appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provi appropriate titles for these accounts in the last column of the table. The first event is shown as an example. (Enter any decreases to balances with a minus sign. Select "NA" if there is no effect on the "Account Titles for Retained Earnings)