fix the incorrect on each and please format clearly for each sheet.

Return to question 1 The following events apply to Lewis and Harper, a public accounting firm, for the Year 1 accounting period. 1. Performed $64.500 of services for clients on account 2. Performed $41,000 of services for cash 3. Incurred $30,000 of other operating expenses on account 4. Paid $15,500 cash to an employee for salary 5. Collected $50,000 cash from accounts receivable 6. Paid $16,000 cash on accounts payable 7. Paid a $5,000 cash dividend to the stockholders 8. Accrued salaries were $2.200 at the end of Year 1 Required a. Show the effects on the financial statements using the following horizontal statements model in the cash flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, or NC for ne change. If the element is not affected by the event leave the cell blank. The first transaction is shown as an example b. What is the amount of total assets at the end of Year 12 c. What is the balance of accounts receivable at the end of Year 1? d. What is the balance of accounts payable the end of Year 1? f. What is the net income for Year 12 g. What is the amount of not cash flow from operating activities for Year 1? Answer is not complete. Complete this question by entering your answers in the tabs below. Answer is not compete Complete this question by entering your answers in the tabs below. He is to Foo Show the effects on the ancial statements using the following horror statements model in the cash flow colum, Atostepeno financing activity or NC for net change. If the element is not wifected by the event, avec The first town name decreases to account balances with a minus sign LEWIS AND HARPER Model For Any Yeart . She Asta La Account Balans Acce Receivable 54500 En 14500 + 1 400 co 41,000 - 30.000 . 0.000 500 14.06 400OOO O. On 000 O O OA 000 050.0001 - 115.500 50.000 - 16.0001 - 5000) - . (00: 7 - 2.2001 2.200 . 500 20 2700 0 0 NDO 14.000 14.500 54500 Prey 19 Next > 1. What is the net income for Year 12 g. What is the amount of net cash flow from operating activities for Year 1? Answer is not complete. Complete this question by entering your answers in the tabs below. Req A Red B to D Req Fto G What is the amount of total assets, balance of accounts receivable, and accounts payable at the end of Year 1? b. C. Total assets Accounts receivable Accounts payable 89,000 54,500 14,000 d Isaction is shown as an example b. What is the amount of total assets at the end of Year 1? c. What is the balance of accounts receivable at the end of Year 1? d. What is the balance of accounts payable at the end of Year 1? f. What is the net income for Year 1? g. What is the amount of net cash flow from operating activities for Year 1? Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A Req BtoD Reg Fto G What is the net income and net cash flow from operating activities at the end of Year 17 Net income Net cash flow from operating activities for Year 1 $ $ 52.800 55.500 9