amework Hart Attorney at Law.experienced the following transactions in Year 1. the first year of operations: 1. Accepted $18.900 on April 1, Year to a retainer for services to be performed evenly over the next 12 months. 2. Performed legal services for cash of $68,500 3. Purchased $1,350 of office supplies on account 4. Paid $1215 of the amount due on accounts payable. 5. Pald a cash dividend to the stockholders of $4100 6. Paid cash for operating expenses of $19.000 7. Determined that at the end of the accounting period $106 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 1 Required Show the effects of the events on the financial statements using a horizontal statements model. The first event has been recorded as an example. (In the Statement of Cash Flows column, use the initial OA to designate operating activity. IA for investing activity, FA for financing activity, and NC for net change in cash. Do not round Intermediate calculations. Enter any decreases to account balances and cash outflows with a minue sign. Not all cells require input.) Income Statement HART ATTORNEY AT LAW Effect of Transactions on the Financial Statements for Year 1 Balance Sheet Stockholder Lab Equity Revenue Account Uneamed Retined Payable Revenge Earings Asses Transbon Net Sant of Cat - DA 18.000 00 0003 - 18.000 00.000 2 80 000 80 000 60.000 1400- 1400- 11200 - 4 11.200) - 57001 - 0 2001 500 20.300) SO 15.TOOLS 20 2001- -1306 1000 11.300 1300- 14.170) H.IS 14111 N>