! 00 Required information (The following information applies to the questions displayed below.) Part 2 of 3 2 At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: 1.17 points Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 29,000 19,300 14,000 20,200 14,100 The following events apply to Oak Consulting for Year 2: eBook Hint 1. Provided $67,700 of services on account. 2. Incurred $3,300 of operating expenses on account. 3. Collected $48,400 of accounts receivable. 4. Paid $39,200 cash for salaries expense. 5. Paid $15,570 cash as a partial payment on accounts payable. 6. Paid a $8,300 cash dividend to the stockholders. . References c. Show the beginning balances and the events in a horizontal statements model such as the following one: (In the Cash Flow column, use the initials "OA" for operating activities, "FA" for financing activities and "NC" for net change in cash. Select "NA" wherever required. Enter any decreases to account balance and cash outflows with a minus sign.) OAK CONSULTING Effect of Transactions on the Financial Statements for Year 2 Balance Sheet Income Statement Liabilities Stockholders' Equity Revenue Expenses Accounts Common Retained Payable Stock Earnings + = + Assets Accounts + Receivable Net Income Statement of Cash Flow No Cash + + Ball . + - + + 1 + + + 2 + = + + - 3 + + + 4 + + + + + + + + 5 6 Bal. + + + + + + + + +