Question: please. step by step .... Required information Problem 1-34A (Algo) Show how events affect the horizontal statements model LO 1-5, 1-6, 1-7, 1-8, 1-9, 1-
Required information Problem 1-34A (Algo) Show how events affect the horizontal statements model LO 1-5, 1-6, 1-7, 1-8, 1-9, 1- 10 (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 operation: 1. Acquired $30.000 cash from the issue of common stock. 2. Borrowed $42,000 cash from National Bank 3. Earned cash revenues of $58,000 for performing services. 4. Paid cash expenses of $50,000. 5. Paid a $2,000 cash dividend to the stockholders. 6. Acquired an additional $30,000 cash from the issue of common stock 7. Paid $11.000 cash to reduce the principal balance of the bank note. 8. Paid $51,000 cash to purchase land. 9. Determined that the market value of the land is $71,000, Problem 1-34A (Algo) Partf t. Determine the percentage of assets that were provided by investors, creditors, and earnings. (Round your answers to 2 decimal places.) Investors Creditors Earnings Percentage of assets 47.245 24.41% 6.30%
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