pelase help wxplain what I need to do to get the right answer!!

! Required information [The following information applies to the questions displayed below.) Maben Company was started on January 1, Year 1, and experienced the following events during its first year of ope tion: 1. Acquired $30,000 cash from the issue of common stock 2. Borrowed $40,000 cash from National Bank 3. Earned cash revenues of $48,000 for performing services 4. Paid cash expenses of $25,000 5. Paid a $1,000 cash dividend to the stockholders. 6. Acquired an additional $20,000 cash from the issue of common stock. 7. Paid $10,000 cash to reduce the principal balance of the bank note. 8. Paid $53,000 cash to purchase land, 9. Determined that the market value of the land is $75,000 g. What is the balance in the Retained Earnings account immediately after Event 3 is recorded