Required information Skip to question [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:

Acquired $29,000 cash from the issue of common stock.

Borrowed $41,000 cash from National Bank.

Earned cash revenues of $57,000 for performing services.

Paid cash expenses of $49,500.

Paid a $1,900 cash dividend to the stockholders.

Acquired an additional $29,000 cash from the issue of common stock.

Paid $10,000 cash to reduce the principal balance of the bank note.

Paid $52,000 cash to purchase land.

Determined that the market value of the land is $73,000.

Identify the asset source transactions and related amounts for Year 1.

9. Determined that the market value of the land is $73,000. c. Identify the asset source transactions and related amounts for Year 1. Sources of Assets Event Amount Total sources of assets ca Prev