(TCO F) Boerkian Co. started in 20X1 with two assets: cash of 26,000 (stickles) and land that originally cost 72,0{}0 when acquired on April 4, ZOXX. On May 1, 20X1, the company rendered services to a customer for 35,000, an amount immediately paid in cash. On October 1, 20X1, the company incurred an operating expense of 22,0{}0 that was immediately paid. No other transactions occurred during the year so an average exchange rate is not necessary