Saint Seved Help 2 0 Part 2 of 6 Required information Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 2-1 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 0.5 points BOOK 1. Acquired $31.000 cash from the issue of common stock, 2. Borrowed $43,000 cash from National Bank 3. Earned cash revenues of $59,000 for performing services. 4. Paid cash expenses of $50,500 5. Pald a $2,100 cash dividend to the stockholders 6. Acquired an additional $31,000 cash from the issue of common stock, 7. Paid $11,000 cash to reduce the principal balance of the bank note. 8. Pald $50,000 cash to purchase land. 9. Determined that the market value of the land is $70,000. References Problem 2-20A (Algo) Part b b. Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet Total assets