Insert Draw Design Layout References Mailings Review View -webkit-standard - 13.5 - A A Aa Po I U ab x x Al A EE. A SIE B Painter Font Paragraph Please either upload this worksheet on Connect or email it to me after completion before 5:30pm on 9/30/2021. Part II: Comprehensive problem (49 points) XYZ Company experienced the following events during Year 2. 1. Acquired $40,000 cash from the issue of common stock 2. Paid $12,000 cash to purchase land, 3. Borrowed $10,000 cash. 4. Provided services for $50,000 cash. 5. Paid $10,000 cash for utilities expense 6. Paid $20,000 cash for other operating expenses. 7. Paid a $3,000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $12,700. Required a The January 1, Year 2, general ledger account balances are shown in the accounting equation. Record the eight events 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-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. XYZ Company Accounting Equation for Year? Assets Liabilities Notes Payable -0- + Stockholders' Equity Com Retained Acct. Stock Earnings Tide/RE 20,000+ 5.000 Cash 15.000 + Land 10,000 + 1+ + + Event Bal 1/1/41 1. Issued atk. 12. Pur, Land 3. Loan 4. Provide Svc. 15. Paid Utilities 6. Pd. Op. Exp. 7. Paid Div. 8. Land Value Totals + UUTUU + + + + + l 1 No Spac... Heading 1 Heading 2 1 Normal Title Subtitle Subt Styles b-1 XYZ Company Income Statement For the Year Ended December 31, Year 2 b-2 XYZ Company Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 $ Sha e Dictate Sensitivity Editor Reuse Files Meeting Documents Manager Creative Cloud Voice Sensitivity Editor Reuse Files Decisions Adobe b-3 XYZ Company Balance Sheet As of December 31, Year 2 XYZ Company Statement of Cash Flows For the Year Ended December 31, Year? W