Can someone please look into where I am making a mistake on this problem? Thank you.

Show the effects of these transactions in a horizontal statements model like the one shown below.

The following transactions apply to Hooper Co. for 2018, its first year of operations: 1. Issued $190,000 of common stock for cash. 2. Provided $88,000 of services on account. 3. Collected $76,000 cash from accounts receivable. 4. Loaned $11,000 to Mosby Co. on November 30, 2018. The note had a one-year term to maturity and a 6 percent interest rate. 5. Paid $34,000 of salaries expense for the year. 6. Paid a $2,000 dividend to the stockholders. 7. Recorded the accrued interest on December 31, 2018 (see item 4). 8. Estimated that 1 percent of service revenue will be uncollectible. Required a. Show the effects of these transactions in a horizontal statements model like the one shown below. (Enter any decreases to account balances with a minus sign. If there is no effect on the Statement of Cash Flow, leave the cell blank.) HOOPER CO. Horizontal Statements Model Equity Assets Income Statement Event No. Allowance for Doubtful Accounts Receivable Cash Notes Receivable Interest Receivable Common Stock Statement of Cash Flow Retained Earnings Revenue Expense = Net Income Accounts 190,000 + 190,000 + FA 1. 2. + + 88,000 88,000 88,000 88,000 (76,000) 3. + + + 11,000 + 76,000 + (11,000) (34,000) (2,000) + + 34,000/= (34,000) + + + + + + (34,000) (2,000) 55 (880) 51,175 55 - (880) - (880) + (880) + 880/= 34,880 = 55 (880) 53,175 Total 219,000 + 11,120 11,000+ 55 = 190,000 + 88,055 - ONC Complete this question by entering your answers in the tabs below. Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the income statement for 2018. (Round intermediate calculations and final answers to nearest whole dollar amount.) HOOPER CO. Income Statement For the Year Ended December 31, 2018 Service revenue Operating expenses Salaries expense $ 34,000 Uncollectible accounts expense 880 $ 88,000 34,880 53,120 $ Total operating expenses Net operating income Non-Operating Items Interest revenue 55 Net income $ 53,175 Req B Inc Stmt Req B Bal Sheet > Complete this question by entering your answers in the tabs below. Reg B Inc Stmt Req B Bal Sheet Reg B Stmt Cash Flows Prepare the balance sheet for 2018. (Round intermediate calculations and final answers to nearest whole dollar amount.) HOOPER CO. Balance Sheet As of the End of the Year 2018 Assets Cash Accounts receivable $ 11,120 Less: Allowance for doubtful accounts Notes receivable Interest receivable $ 219.000 11,120 11,000 55 241.175 Total assets Liabilities Stockholders' equity Common stock Retained earnings $ 190,000 51,175 Total stockholders' equity Total liabilities and stockholders' equity 241,175 $ 241,175 Complete this question by entering your answers in the tabs below. Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the statement of cash flows for 2018. (Amounts to be deducted should be indicated with a minus sign.) HOOPER CO. Statement of Cash Flows For the Year Ended 2018 Cash flows from operating activities Inflow from customers $ 76,000 Outflow for expenses (34,000) $ 42,000 Net cash flow from operating activities Cash flows from investing activities Outflow for notes receivable $ (11,000) $ (11,000) Net cash flows from investing activities Cash flows from financing activities Cash inflow from stock issued Cash outflow for dividends $ 190,000 2000) $ 188,000 219,000 Net cash flows from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance $ 219,000 The following transactions apply to Hooper Co. for 2018, its first year of operations: 1. Issued $190,000 of common stock for cash. 2. Provided $88,000 of services on account. 3. Collected $76,000 cash from accounts receivable. 4. Loaned $11,000 to Mosby Co. on November 30, 2018. The note had a one-year term to maturity and a 6 percent interest rate. 5. Paid $34,000 of salaries expense for the year. 6. Paid a $2,000 dividend to the stockholders. 7. Recorded the accrued interest on December 31, 2018 (see item 4). 8. Estimated that 1 percent of service revenue will be uncollectible. Required a. Show the effects of these transactions in a horizontal statements model like the one shown below. (Enter any decreases to account balances with a minus sign. If there is no effect on the Statement of Cash Flow, leave the cell blank.) HOOPER CO. Horizontal Statements Model Equity Assets Income Statement Event No. Allowance for Doubtful Accounts Receivable Cash Notes Receivable Interest Receivable Common Stock Statement of Cash Flow Retained Earnings Revenue Expense = Net Income Accounts 190,000 + 190,000 + FA 1. 2. + + 88,000 88,000 88,000 88,000 (76,000) 3. + + + 11,000 + 76,000 + (11,000) (34,000) (2,000) + + 34,000/= (34,000) + + + + + + (34,000) (2,000) 55 (880) 51,175 55 - (880) - (880) + (880) + 880/= 34,880 = 55 (880) 53,175 Total 219,000 + 11,120 11,000+ 55 = 190,000 + 88,055 - ONC Complete this question by entering your answers in the tabs below. Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the income statement for 2018. (Round intermediate calculations and final answers to nearest whole dollar amount.) HOOPER CO. Income Statement For the Year Ended December 31, 2018 Service revenue Operating expenses Salaries expense $ 34,000 Uncollectible accounts expense 880 $ 88,000 34,880 53,120 $ Total operating expenses Net operating income Non-Operating Items Interest revenue 55 Net income $ 53,175 Req B Inc Stmt Req B Bal Sheet > Complete this question by entering your answers in the tabs below. Reg B Inc Stmt Req B Bal Sheet Reg B Stmt Cash Flows Prepare the balance sheet for 2018. (Round intermediate calculations and final answers to nearest whole dollar amount.) HOOPER CO. Balance Sheet As of the End of the Year 2018 Assets Cash Accounts receivable $ 11,120 Less: Allowance for doubtful accounts Notes receivable Interest receivable $ 219.000 11,120 11,000 55 241.175 Total assets Liabilities Stockholders' equity Common stock Retained earnings $ 190,000 51,175 Total stockholders' equity Total liabilities and stockholders' equity 241,175 $ 241,175 Complete this question by entering your answers in the tabs below. Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare the statement of cash flows for 2018. (Amounts to be deducted should be indicated with a minus sign.) HOOPER CO. Statement of Cash Flows For the Year Ended 2018 Cash flows from operating activities Inflow from customers $ 76,000 Outflow for expenses (34,000) $ 42,000 Net cash flow from operating activities Cash flows from investing activities Outflow for notes receivable $ (11,000) $ (11,000) Net cash flows from investing activities Cash flows from financing activities Cash inflow from stock issued Cash outflow for dividends $ 190,000 2000) $ 188,000 219,000 Net cash flows from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance $ 219,000