References

Purchased land for $$10,500$ cash.

Acquired $$36,000$ cash from the issue of common stock.

Received $$75,000$ cash for providing services to customers.

Paid cash operating expenses of $$40,900.$

Borrowed $$21,000$ cash from the bank.

Paid a $$10,500$ cash dividend to the stockholders.

Determined that the market value of the land purchased in event $1$ is $$46,000.$

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