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Problem $2-20$A $($Algo$)$ Showing how events affect the horizontal financial statements model LO $2-1$

$[$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:

Acquired $$31,000$ cash from the issue of common stock.

Borrowed $$43,000$ cash from National Bank.

Earned cash revenues of $$59,000$ for performing services.

Paid cash expenses of $$50,500.$

Paid a $$2,100$ cash dividend to the stockholders.

Acquired an additional $$31,000$ cash from the issue of common stock.

Paid $$11,000$ cash to reduce the principal balance of the bank note.

Paid $$50,000$ cash to purchase land.

Determined that the market value of the land is $$70,000.$

Problem $2-20$A $($Algo$)$ Part c

c$.$ Identify the asset source transactions and related amounts for Year $1.$