Required information Problem 2. 20A (Algo) Showing how events affect the horizontal financial statements model LO 21 The folowing information applies to the questions displayed below) Maben Company was started on January 1, Yeart, and experienced the following events during its first year of operation 1 Acquired 532000 cash from the issue of common stock 2. Borrowed 544000 cash from National Bank 3. Earned cash revenues of $60,000 for performing services 4. Pad cash expenses of 551000 5. Pada $2.200 cash dividend to the stockholders Acquired an additional 532.000 cash from the issue of common stock 7. Paid SILOO cash to reduce the principal balance of the bank note 8 Paid $49.000 cash to purchase and 9 Determined that the market value of the land is 69.000 Problem 2-20A (Algo) Porta Required Use a hortzontal financial statements model to show how each event affects the balance sheet income statement and statement of cash flows in the Cash Flow column, use OA to designate operating activity, IA for investment activity, and FA for financing activity. The first event is recorded as an example (Enter any decreases to account balances with a minus sign. Not all cells in the Statement of Cash Flows column may require an input leave cells blank if there is no corresponding input needed.) w MARIEN COMPANY Horizontal Financial Stements del for Year 1 Income Statement - Liabile - Stock Equity Not Com Pay Stock Earnings 32.000 Net Statement of Cash Flow Cash Land Relined Ree 1 22.000 32.000 FA 2 Tea 000 32 000 02.000