1 Accepted $15,800 on April 1, Year 1 as a retainer for services to be performed evenly over the next 12 months 2. Performed legal services for cash of $66,000. 3. Purchased 51.100 of office supplies on account 4. Paid $900 of the amount due on accounts payable 5. Paid a cash dividend to the stockholders of $4,800 6. Paid cash for operating expenses of $20,000 7. Determined that at the end of the accounting period, 5120 of office supplies remained on hand B. On December 31 Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction ! Required Show the effects of the events on the financial statements using a horontal statements model like the following one in the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA to indicate accounts not affected by the event. The first event has been recorded as an example (Do not found intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign.) Event HART ATTORNEY AT LAW Effect of Transactions on the Financial Statements for Year 1 Liabilities Stockholders Income Statement Louity Accounts Uneared Retained Revenge Reven Payable Earnings Expense - 15.000 + + Statement of Cash Flows Assets Cash Supplies 15.000 Net Income 15,800 OA 1 2 3 4 5 . + 7 Totals