Required information Problem 1-35 Recording events in a horizontal statements model LO 1-3, 1-4,1-5,1-6,1-7,1-8,1-9,1-10 [The following information applies to the questions displayed below.] Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation: . Acquired $35,000 cash from the issue of common stock 2. Borrowed $47,000 cash from National Bank 3. Earned cash revenues of $63,000 for performing services. 4. Paid cash expenses of $52,500 5. Paid a $2,500 cash dividend to the stockholders. 6. Acquired an additional $35,000 cash from the issue of common stock 7. Paid $12,000 cash to reduce the principal balance of the bank note. 8. Paid $46,000 cash to purchase land. 9. Determined that the market value of the land is $64,000 Problem 1-35 Part a