1.	Issued $60,000 of common stock for cash.
2.	Provided $74,000 of services on account.
3.	Collected $62,000 cash from accounts receivable.
4.	Loaned $15,000 to Horne Co. on October 1, 2014. The note had a one-year term to maturity and an 8 percent interest rate.
5.	Paid $47,000 of salaries expense for the year.
6.	Paid a $2,500 dividend to the stockholders.
7.	Recorded the accrued interest on December 31, 2014 (see item 4).
8.	Uncollectible accounts expense is estimated to be 1 percent of service revenue on account. Show the effects of the above transactions in a horizontal statements model In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), a financing activity (FA) and net change in cash (NC). The letters NA indicate that an element is not affected by the event. (Enter any decreases to account balances and cash outflows with a Prepare the income statement for 2014 : 1) Operating expenses 2) Total operating expenses 3) non-operating expenses Prepare the balance sheet for 2014. 1)Assets 2) Total Assets 3)Liabilities 4) Stock Holders Equity 5)Total Stock Holders Equity 6)Total liabilities and Stockholders equity Prepare the statement of cash flows for 2014 1) Cash flows from Operating Activities 2)Net cash flows from operating activities 3)cash flows from investing activities 4)Net cash flows from investing activities 5)Cash flows from Financing Activities 6) Net change in Cash 7) ending cash Balance