At the beginning of Year 2. Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Connon stock Retained earnings Balance $ 27,5ee 15,300 12,5ee 18,9ee 11,400 The following events apply to Oak Consulting for Year 2: 1. Provided $69.000 of services on account 2 Incurred $3.200 of operating expenses on account. 3. Collected $45,700 of accounts recevable. 4. Pald $31,000 cash for salaries expense. 5. Paid $14,130 cash as a partial payment on accounts payable. 6. Pald a $8,200 cash dividend to the stockholders. Show the beginning balances 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 nvesting activity. FA for financing activity, and NC for net change in cash. Not all cells require input.) OAK CONSULTING Effect of Transactions on the Financial Statements for Year 2 Balance Sheet Income Statement Liabilities Stockholders' Equity Accounts Common Retained Revenue = Net Income Payable Stock Earnings Expenses No Assets Accounts + Receivable Statement of Cash Flows Cash + Bal. 1 2 3 4 5 + + + + + 6 + Bal