x Student TEST 1.PART 11 connect.mh Irvolved | Gree.. .Microsoft Word-C... Saved 0 Required information The following information applies to the questions displayed below Maben Company was started on January 1, Year 1, and experienced the following events during its first year a 1. Acquired $30,000 cash from the issue of common stock 2 Borrowed $40,000 cash from National Bank 3. Earned cash revenues of $48,000 for performing services. 4. Paid cash expenses of $25,000 5. Paid a $1,000 cash dividend to the stockholders 6. Acquired an additional $20,000 cash from the issue of common stock 7. Paid $10,000 cash to reduce the principal balance of the bank note 8 Paid $53,000 cash to purchase land 9 Determined that the market value of the land is $75,000 Required Use a horizontal statements model to show how eacn event affects the balance sheet income statement, and st flows. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (A), or FA) net change in cash (NC) and NA to indicate the element is not affected by the event. The first event is shown a 1of 51 : Next > PART HelpS PARTI Horizontal Statements Model for Year 1 Balance Sheet Statement of Cash Flows Expense Income Cash 30,000 0,000 0,000 FA of 5 Next