Question: Acquired $ 2 5 , 0 0 0 cash from the issue of common stock. Paid $ 2 5 , 0 0 0 cash to

Acquired $25,000 cash from the issue of common stock.
Paid $25,000 cash to purchase land.
Borrowed $10,000 cash.
Provided services for $36,000 cash.
Paid $1,000 cash for utilities expense.
Paid $28,000 cash for other operating expenses.
Paid a $2,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in Event 2 is now $27,500.
Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings?

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