Susan's Consulting experienced the following transactions for 2014, its first year of operations, and 2015. Assume that all transactions involve the receipt or payment of cash. Transactions for 2014 1. Acquired $75,000 by issuing common stock 2. Received $125,000 cash for providing services to customers. 3. Borrowed $20,000 cash from creditors. 4. Paid expenses amounting to S55,000. 5. Purchased land for $30,000 cash. Transactions for 2015 Beginning account balances for 2015 are: $135,000 Cash and 30,000 Notes payable 20,000 75,000 Common stock Retained earnings 70,000 1. Acquired an additional $25,000 from the issue of common stock. 2. Received $135,000 for providing services. 3. Paid $15,000 to creditors to reduce loan. 4. Paid expenses amounting to S70,000. 5. Paid a $12,500 dividend to the stockholders. 6. Determined that the market value of the land is $40,000