Better Corp. completed the following transactions during Year 2:
Purchased land for $11,500 cash.
Acquired $38,000 cash from the issue of common stock.
Received $77,000 cash for providing services to customers.
Paid cash operating expenses of $40,700.
Borrowed $23,000 cash from the bank.
Paid a $11,500 cash dividend to the stockholders.
Determined that the market value of the land purchased in event 1 is $48,000.

Record the transactions In the approprlate general ledger accounts. Record the amounts of revenue, expense, and dividends In the Retalned Earnings column.