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2 25 points Skipped References 1 Dakota Company experienced the following events during Year 2. 1. Acquired $30,000 cash from the issue of common stock. 2. Paid $12.000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $20,000 cash. 5. Paid $1.000 cash for utilities expense. 6. Paid $15,000 cash for other operating expenses. 7. Paid a $2,000 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 following 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. The first event is shown as an example 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 e-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Bea A Bey 82 B3 Beg CL Reg Ca Save $1 Che 2 2.5 Skipped eBook Het Reg A Reg C2 The January 1, Year 2, general ledger account balances are shown in the following 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. The first event is shown as an example. (Enter any decreases to account balances with a minus sign. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells require input.) Event 1/1/Year 2 1 2 3 A 5 6 7 B Req B1 Totais Cash Assets 2,000 30,000. Req B2 32,000 Land: 12,000 12,000 Req 03 DAKOTA COMPANY Accounting Equation for Year 2 Liabilities Notes Payable Req 84 . Common Stock THE Stockholders' Equity 6,000 30,000+ Reg Cl 36,000+ Retained Earnings 8,000 Account Titles for Retained Earnings 0,000 Reg D1 > 313 Mayl Show less A 2 25 points Skipped eBook Hint Print References c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Req A Req B1 Reg B2 Req B3 Reg 84 Prepare an income statement for the Year 2 accounting period. DAKOTA COMPANY Income Statement For the Year Ended December 31, Year 2 Req C2 Chapter 1 HW 2 25 points sapped eBook Hunt Pr References c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Reg A Req B1 Reg 03 Req B4 Prepare a statement of changes in equity for the Year 2 accounting period. DAKOTA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock Beginning retained earnings Reg B2 Ending retained earnings Total stockholders' equity Reg C2