Chester Inc started their Service Business in 2021 and had the following transactions 1 2 3 4 The Business Acquired $122,500 cash from the issue of common stock. The Business Provided services for $28,000 cash. This means the client paid when the services were rendered The Business Provided $77,000 of services on account. The Business Incurred $9,800 of other operating expenses on account. The Business Paid $42,000 cash for salaries expense. 6 7 8 9 10 The Business Collected The Business Paid The Business Received The Business Collected The Business Performed $24,500 cash from the account receivable created in Event 3. $6,300 cash to purchase supplies. Treat this transaction as Operating Expenses paid. $15,400 cash in advance for services to be performed in the future. $49,000 cash from the account receivable created in Event 3. 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). See "Horizontal Statements Model" file on Canvas for guidance