Required information Problem 1-35A (Algo) 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, Year 1, and experienced the following events during its first year of operation 1. 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 1-35A (Algo) Part b b. Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet < Prev 6 of 6 Next >