vork: Assignment 2 1 b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of...

Extracted text: vork: Assignment 2 1 b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earning c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3 Req B4 Req C1 Prepare a year-end balance sheet for the Year 2 accounting period. DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders equity 0. < req="" b2="" req="" b4=""> Prev


Extracted text: Question 2- W02 Homeworlc AX S Connect mheducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmgh and P. Indeed Monster Jobs * Degree Programs 102 ework: Assignment 2 High Energy-Make. 1-Learn: Student Da.. Consumer Center panes Dakota Company experienced the following events during Year 2. 1. Acquired $30,000 cash from the issue of common stock. 2. Paid $12,000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $20,000 cash. 5. Paid $1,000 cash for utilities expense. 6. Paid $15,000 cash for other operating expenses. 7. Paid a $2.000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $12,700. Required a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the e the appropriate general ledger accounts, Record the amounts of revenue, expense, and dividends in the Retained Earnin Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example. b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Dețermine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Reg C2 Reg C1 Reg B4 Reg B3 Reg B2 Req B1 Reg A i statement of changes in equity for the Year 2 accounting period.