Suomi You received partial credit in the previous attempt. Check my work View previous attempt Assets Cash Accounts Receivable Land Total $ 47,000 42,000 34,000 $123,000 Liabilities and Equity Accounts Payable Common Stock Retained Earnings Total $ 20,000 83,000 20,000 $123,000 The following accounting events apply to Waddell Company's Year 2 fiscal year: Jan. 1 Acquired $46,800 cash from the issue of common stock. Feb. 1 Paid $5,100 cash in advance for a one-year lease for office space. Mar. 1 Paid a $2,200 cash dividend to the stockholders. Apr. 1 Purchased additional land that cost $34,000 cash. May 1 Made a cash payment on accounts payable of $9,000. July 1 Received $8,688 cash in advance as a retainer for services to be performed monthly over the coming year. Sept. 1 Sold land for $22,000 cash that had originally cost $22,000. Oct. 1 Purchased $990 of supplies on account. Dec. 31 Earned $68,000 of service revenue on account during the year. 31 Received cash collections from accounts receivable amounting to $53,000. 31 Incurred other operating expenses on account during the year that amounted to $13,000. 31 Recognized accrued salaries expense of $5,100. 31 Had $168 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a market value of $44,000. Required Based on the preceding information, answer the following questions for Waddell Company. All questions pertain to the Year 2 financial statements. (Hint Enter Items in general ledger accounts under the accounting equation before answering the questions.) a. What amount would Waddell report for land on the balance sheet? b. What amount of net cash flow from operating activities would be reported on the statement of cash flows?