Show me the steps to solve Maben Company was started on January $1,$ Year $1,$ and experienced the following events during its first year of

operation:

Acquired $$34,000$ cash from the issue of common stock.

Borrowed $$46,000$ cash from National Bank.

Earned cash revenues of $$62,000$ for performing services.

Paid cash expenses of $$52,000.$

Paid a $$2,400$ cash dividend to the stockholders.

Acquired an additional $$34,000$ cash from the issue of common stock.

Paid $$12,000$ cash to reduce the principal balance of the bank note.

Paid $$47,000$ cash to purchase land.

Determined that the market value of the land is $$66,000.$