At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts:

Account	Balance
Cash	$	32,900
Accounts receivable		15,900
Accounts payable		10,800
Common stock		24,200
Retained earnings		13,800

The following events apply to Oak Consulting for Year 1:

1. Provided $68,000 of services on account.
2. Incurred $3,000 of operating expenses on account.
3. Collected $49,100 of accounts receivable.
4. Paid $35,300 cash for salaries expense.
5. Paid $12,420 cash as a partial payment on accounts payable.
6. Paid a $8,300 cash dividend to the stockholders.

c. Show the beginning balances and the events in a horizontal statements model such as the following one: (In the Statement of Cash Flows 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.)