t.html Saved Help Save & Exit At ie beginning of Year 2, Better Corp's accounting records had the fo following general ledger accounts and balances. BETTER CORP . Accounting Equation Accounting Titles for Retained Earninga Event Liabilities+ stockholders' Equity Cash alance 01/01/Year 2 23,000 Land 3,000 Notes PayableConnon Stock Retained Ear 8,300 13,300 34,400 aetter Corp. completed the following transactions during Year 2: 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock 3. Received $77,000 cash for providing services to customers 4. Paid cash operating expenses of $40,700 5. Borrowed $23,000 cash from the bank 6. Paid a $11,500 cash dividend to the stockholders 7. Determined that the market value of the land purchased in event 1 is $48,000. Required a. Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. b. As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Complete this question by entering your answers in the tabs below Required A Required B Required C Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balanoes with a minus sign