$\backslash$table$[[$Event$,$BETTIER CORPORATION,$\backslash$table$[[$Account Titles for$],[$Retained Earnings$]]],[$Assets$,=,\backslash$table$[[$Liabilities$],[$Notes$],[$Payable$]],+,$Stockholders' Equity$],[$Cash$,$Land,Common Stock,$\backslash$table$[[$Retained$],[$Earnings$]]],[\backslash$table$[[$Balance$],[\frac{1}{1}\frac{?}{?}$ Year $2]],10,000,20,000,,12,000,,7,000,11,000,]]$

Better Corporation completed the following transactions during Year $2$:

Purchased land for $$5,000$ cash.

Acquired $$25,000$ cash from the issue of common stock.

Received $$75,000$ cash for providing services to customers.

Paid cash operating expenses of $$42,000.$

Borrowed $$10,000$ cash from the bank.

Paid a $$5,000$ cash dividend to the stockholders.

Determined that the market value of the land purchased in event $1$ is $$35,000.$

Required

a$.$ Record the transactions in the accounting equation for Year $2.$ Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table.

b$.$ As of December $31,$ Year $2,$ determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation.

c$.$ What is the amount of total assets, liabilities, and stockholders' equity as of January $1,$ Year $3?$

Complete this question by entering your answers in the tabs below.

a$.$ Record the transactions in the accounting equation for Year $2.$ Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table.

b$.$ As of December $31,$ Year $2,$ determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation.

c$.$ What is the amount of total assets, liabilities, and stockholders' equity as of January $1,$ Year $3?$

Complete this question by entering your answers in the tabs below.

Req B and C

b$.$ As of December $31,$ Year $2,$ determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation.

c$.$ What is the amount of total assets, liabilities, and stockholders' equity as of January $1,$ Year $3?$

$\backslash$table$[[,=,+,],[$b$.,=,+,],[$C$.,=,+,]]$