Required information [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 534,000 cash from the issue of common stock. 2. Borrowed $36,000 cash from National Bank 3. Eamed cash revenues of $52,000 for performing services. 4. Paid cash expenses of $47,000. 5. Paid a $1,400 cash dividend to the stockholders. 6. Acquired an additional $24,000 cash from the issue of common stock. 7. Paid $9.000 cash to reduce the principal balance of the bank note. 8. Paid $57,000 cash to purchase land. 9. Determined that the market value of the land is $80,000 Required a. Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cast operating activities (OA), investing activities (IA), or financing activities (FA). If the element is not affected by the event, le blank. The first event is shown as an example. (Enter any decreases to account balances and cash outflows with a mi Not all cells will require entry.) Event No. Assets MABEN COMPANY Horizontal Statements Model for Year 1 Balance Sheet Income Statement Liabilities + Stockholders' Equity Net Notes Common Retained Revenue Expense - Income Payable Stock Earnings 34,000 Statement of Cash Flows Cash Land 34 000 FA 1. 2 34,000 - 37.000- : 3 4. + + + 5. - 6. 1 7 8. 9 + + + ++ 0 0 0 34.000 0 0 71.000 34.000 - Total b. Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet Required Information c. Identify the asset source transactions and related amounts for Year 1. Sources of Assets Event Amount Total sources of assets d-1.Determine the net income that Maben would report on the Year 1 income statement. Net income e. Determine the net cash flows from operating activities, investing activities, and financing activities that Maben would report on the Year 1 statement of cash flows (Enter cash outflows as negative amounts.) Net cash flows from operating sites Net cash flows from investing activities Net cash flows from financing activities 1. Determine the percentage of assets that were provided by investors, creditors and earnings (Round your answers to 2 decimal places.) Investors Credion Earnings