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El-19 Dakola Company experienced the following events during 2018 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 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. (a) The January 1, 2018. general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger account. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate title for these accounts in the last column of the table. b) Prepare an income statement, statement of changes in equity, year-end balance sheet and statement of cash flow for the 2018 accounting period. c) Determine the percentage of assets that were provided by retained earnings. Round to three decimal places. How much cash is in the retained earnings account? fo Account titles for RE Dakota Company Accounting Equation for 2018 Assets = Liabilities + Notes Cash Land Payable $2.000 $12.000 $0 Stockholders'Equity Common Retained Stock Earnings $6.000 $8,000 Balance 1/1/2018 1. Issue stock 2. Purchased land 3. Borrowed cash 4. Provided services 5. Paid utilities expense 6. Paid for operating expenses 7. Paid dividends 8. Mkt value of land increased Dakota Company Income Statement For the Year Ended December 31, 2018 Dakota Company Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Dakota Company Balance Sheet As of December 31, 2018

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