Required information Problem 2-20A (Algo) Showing how events affect the horizontal financial statements model LO 21 {The following 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 Acquired $32,000 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. Paid cash expenses of 551,000 5 Paid a $2.200 cash dividend to the stockholders 6. Acquired an additional $32,000 cash from the issue of common stock 7 Paid 511000 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 569,000 Problem 2-20A (Algo) Part b b. Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet