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Maben Company was started on January 1, Year 1, and experienced the following events during...

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Accounting

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquired $32,000 cash from the issue of common stock. Borrowed $38,000 cash from National Bank. Earned cash revenues of $50,000 for performing services. Paid cash expenses of $46,000. Paid a $1,200 cash dividend to the stockholders. Acquired an additional $22,000 cash from the issue of common stock. Paid $10,000 cash to reduce the principal balance of the bank note. Paid $55,000 cash to purchase land. Determined that the market value of the land is $77,000. Determine the percentage of assets that were provided by investors, creditors, and earnings. (Round your answers to 2 decimal places.)
What is the balance in the Retained Earnings account immediately after Event 3 is recorded?

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