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At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. The following events apply to Oak Consulting for Year

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At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. The following events apply to Oak Consulting for Year 2 . 1. Provided $69,800 of services on account. 2 . Incurred $3,200 of operating expenses on account. 3. Collected $50,800 of accounts receivable. 4. Paid $30,300 cash for salaries expense. 5. Paid $14,400 cash as a partial payment on accounts payable. 6. Paid a $9,200 cash dividend to the stockhoiders. c. Show the beginning bolonces and the transactions in a horizontal statements model. (Enter any decreases to account balances and Cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells require input.)

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