Better Corp. completed the following transactions during 2018:1. Purchased land for $11,000 cash.2 Acquired $31000 cash from the issue of common stock.3. Received $76,000 cash tor providing services to customers.4. Paid cash operating expenses of 340.800.5 Borrowed $22000 cash from the bank.6. Par! a $11,000 cash deend to the stockholders.1. Determined that the market value of the land purchased In eventl is 347.000.Minnat Record the transactions In the appropriate general ledger accounts. Record the amounts of revenue. expense. and deends In theRetained Eamings column. Provide the appropriate titles for mese accomts in me last column of the mate. a. As of December 31, 2018. determne the total amount of assets. liabilities, and stockholders equity and present this inlormation inthe form of an accounung equation. c. What is the amount of total assets. liabilities. and stockholders equtty as of January 1. 2019?

Suppose that fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished automobile. because more firms increase competition in the market, the market price falls as more firms enter an automobile market, or specifically, , where n represents the number of firms in a market. assume that the initial size of the u.s. and the european automobile markets are 300 million and 533 million people, respectively.a. calculate the equilibrium number of firms in the u.s. and european automobile markets without trade.b. what is the equilibrium price of automobiles in the united states and europe if the automobile industry is closed to foreign trade? c. now suppose that the united states decides on free trade in automobiles with europe. the trade agreement with the europeans adds 533 million consumers to the automobile market, in addition to the 300 million in the united states. how many automobile firms will there be in the united states and europe combined? what will be the new equilibrium price of automobiles? d. why are prices in the united states different in (c) and (b)? are consumers better off with free trade? in what ways?