Required information Problem 2-20A (Algo) Showing how events affect the horizontat financial statements model LO 2.1 [The flowing information as to the questions duplayed below) Maben Company was started on January 1 Yeart, and experienced the following events during its first year of operation 1. Acquired 532.000 cash from the issue of common stock 2. Borrowed $44.000 cash from National Bank 3. Earned cash revenues of $60,000 for performing services 4 Pad cash expenses of $51000 S. Pada $2,200 cash dividend to the stockholders 6. Acquired an additional $32.000 cash from the issue of common stock Paid S1000 cash to reduce the principal balance of the bank note B. Paid $49000 cash to purchase and 9. Determined that the market value of the land is 569,000 Problem 2-20A (Algo) Part d 6-1. Determine the net income that Maben would report on the Yeart income statement 6-2 will dividends appear in the income statement? Yes O No