! Required information. Problem 1-35A (Algo) Recording events in a horizontal statements model LO 1-3, 1- 4, 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 $34,000 cash from the issue of common stock. 2. Borrowed $36,000 cash from National Bank. 3. Earned cash revenues of $52,000 for performing services. 4. Paid cash expenses of $47,000. 5. Paid a $1,400 cash dividend to the stockholders. 6. Acquired an additional $24,000 cash from the issue of common stock. 7. Paid $9,000 cash to reduce the principal balance of the bank note. 8. Paid $57,000 cash to purchase land. 9. Determined that the market value of the land is $80,000. Problem 1-35A (Algo) Part b Problem 1-35A (Algo) Part b b. Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet. Total assets :03:37 ok d-1.Determine the net income that Maben would report on the Year 1 income statement. Net income e. Determine the net cash flows from operating activities, investing activities, and financing activities that Maben would report on the Year 1 statement of cash flows. (Enter cash outflows as negative amounts.) Net cash flows from operating activities Net cash flows from investing activities Net cash flows from financing activities