Bucks Inc started their Service Business in 2021 and had the following transactions

1. The Business Acquired $175,000 cash from the issue of common stock

2. The Business Provided services for $40,000 cash. This means the client paid when the services were rendered

3. The Business Provided an earned $110,000 of services on account 4. The Business Incurred $14,000 of other operating expenses on account

5. The Business Paid $60,000 cash for salaries expense.

6. The Business Collected $35,000 cash from the account receivable created in Event 3. 7. The Business Paid $9,000 cash to purchase supplies. Treat this transaction as Operating Expenses paid.

8. The Business Received $22,000 cash in advance for services to be performed in the future.

9. The Business Collected $70,000 cash from the account receivable created in Event 3.

10. The Business Performed 60.0% of the services agreed to in Event 8

Required

Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA).