total assets?

Required information Problem 1-35 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, 2018, and experienced the following events during its first year of operation: 1. Acquired $31,000 cash from the issue of common stock. 2. Borrowed $43,000 cash from National Bank. 3. Earned cash revenues of $59,000 for performing services. 4. Paid cash expenses of $50,500. 5. Paid a $2,100 cash dividend to the stockholders. 6. Acquired an additional $31,000 cash from the issue of common stock. 7. Paid $11.000 cash to reduce the principal balance of the bank note. 8. Paid $50,000 cash to purchase land. 9. Determined that the market value of the land is $70,000. Event MABEN COMPANY Horizontal Statements Model for 2018 Balance Sheet Income Statement = Liabilities + Stockholders' Equity Notes Common Retained Revenue - Expense = Payable " Stock Earnings 31,000+ No. Net Assets Cash + Land 31,000 + Statement of Cash Flows 31,000 FA + + + + + + + + + + + + + + + + + + + + + + + + + + + Total Sources of Assets Event Amount Total sources of assets Net income d-2.Will dividends appear in the income statement? Yes Net cash flows from operating activities Net cash flows from investing activities Net cash flows from financing activities