Required informatiorn Problem 1-35 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, 2018, and experienced the following events during its first year of operation: 1. Acquired $38,000 cash from the issue of common stock. 2. Borrowed $32,000 cash from National Bank 3. Earned cash revenues of $56,000 for performing services 4. Paid cash expenses of $49,000 5. Paid a $1,800 cash dividend to the stockholders 6. Acquired an additional $28,000 cash from the issue of common stock 7. Paid $8,000 cash to reduce the principal balance of the bank note 8. Paid $61,000 cash to purchase land 9. Determined that the market value of the land is $85.000 Problem 1-35 Part d d-1.Determine the net income that Maben would report on the 2018 income statement e Prev 6 7 8 9 of 9 9 Next>