Using this analytical framework used to evaluate transactions (per below), indicate the effect of each of the following transactions for CX Corporation:

1.	CX Corporation purchases land for $450,000 cash.
2.	At the end of the period CX Corporation receives an appraisal that values the land at $540,000.
3.	During the next period CX Corporation sells the land for $665,000.
4.	CX pays taxes at a rate of 40%.

Cash

+

Non-Cash Assets

=

Liabilities

+

Contributed Capital

+

Accumulated Other Comprehensive Income

+

Retained Earnings