Exercise 1-13A (Static) Classifying events as asset source, use, or exchange LO 1-6 Nevada Companies experienced the following events during its first year of operations: Acquired $1,000 cash from the issue of common stock. Paid $24 cash for utilities expense. Paid a $1,500 cash dividend to the stockholders. Provided boarding services for $6,000 cash. Purchased additional land for $2,500 cash. Determined the market value of the land to be $24,000 at the end of the accounting period. Acquired an additional $16,000 cash from the issue of common stock. Paid $3,500 cash for salary expense. Borrowed $10,000 cash from New South Bank. Paid $6,000 cash to purchase land. Provided additional boarding services for $10,500 cash