Required information Problem 1-35 Recording events in a hortzontal statements model LO 13, 14, 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: 1. Acquired $35,000 cash from the losue of common stock. 2. Borrowed $47.000 cash from National Bank. 3. Earned cash revenues of $63,000 for performing services. 4. Pald cash expenses of $52,500. 5. Pald a $2,500 cash dividend to the stockholders. 6. Acquired an additional $35,000 cash from the issue of common stock. 7. Pald $12000 cash to reduce the principal balance of the bank note. 8. Pald $46,000 cash to purchase land. 9. Determined that the market value of the land is $64,000. Problem 1-35 Part a Required a. Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA). Investing activities (IA), financing activities (FA), or net change in cash (NC). If the element is not affected b the event, leave the cell blank. The first event is shown as an example. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) MABEN COMPANY Horizontal Statement Modal for 2018 Balando Bhost Income Statement Llablutiog + Btookholders Equity Nat Ravenue Common Nota Expango Retained Inooma Payabla Btook Earnings 35.000 Event No. Accato Statement of Cach Flow Cach Land 1. 35,0001 - Et 135 000 FA 1 2. + + 3 4 7 HO Type here to search o B