ces [The following information applies to the questions displayed below.] At the beginning of 2016, Oak Consulting had the following normal balances in its accounts: Balance $42,000 Account Cash Accounts 25,000 receivable Accounts payable 8,400 24,000 Common stock Retained earnings 34,600 The following events apply to Oak's Consulting for 2016: 1. Provided $185,000 of services on account. 2. Incurred $45,800 of operating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000 cash for salaries expense. 5. Paid $31,400 cash as a partial payment on accounts payable. 6. Paid an $10,000 cash dividend to the stockholders. c. Record the beginning balances and the events in a horizontal statements model such as the following one: (In the Cash Flow 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.)

[The following information applies to the questions displayed below.] At the beginning of 2016, Oak Consulting had the following normal balances in its accounts: The following events apply to Oak's Consulting for 2016 : 1. Provided $185,000 of services on account. 2. Incurred $45,800 of operating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000 cash for salaries expense. 5. Paid $31,400 cash as a partial payment on accounts payable. 6. Paid an $10,000 cash dividend to the stockholders. c. Record the beginning balances and the events in a horizontal statements model such as the following one: (In the Cash Flow 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.)