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Required information The following information applies to the questions displayed below) Maben Company was started on January 1 Year 1 , and experienced the following

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Required information The following information applies to the questions displayed below) Maben Company was started on January 1 Year 1 , and experienced the following ovents during is first year of operation: 1. Acquired $36,000 cash from the issue of cammon stock 2. Borrowed $34,000 cash from National Bank 3. Earned casth revernues of $54,000 for perfocming services 4. Paid castr expenses of $48,000 5. Paid a $1,600 cast dividend to the stockholders. 6. Acquired an addinional $26.000 cash from the issue of cormmon stock. 7. Paid $9,000 cash to reduce the principat balance of the bank note. 8. Paid $59,000 cash to puichase land 9. Dotermined that the market value of the land is $83,000 Required: a. Hecoed the preceding tramactions in the Hontontal finencial Statements Model. Alo, in the Cash flows column, classify the cash the ceill blank. The fest event is shown as an example. Nete: Enter any decreases to account balances and cash outhlows with a minus sign. Leave cells blank if no input is needed

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