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Required On December 31, Year 1. Morgan Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance. Land Unearned revenue Dividends Prepaid rent Cash Salaries expense Accounts payable Common stock Operating expense Office supplies Advertising expense Retained Earnings, 1/1/Year 1 Service revenue Accounts receivable $18.1ee 15, 2ee 4,600 6,8ea 58,60 13,569 2, 420 24, 60e 14,500 1.900 2.2ee 16.95 68,410 6,680 MORGAN COMPANY Trial Balance December 31, Year 1 Account Titles / Debit Credit Totals 50 0 Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $23,700 of services on account, and (2) he purchased $6,300 of supplies on account. There were $1,100 of supplies on hand as of December 31, Year 1. c. Show the above transactions in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity and NC for net change in cash. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) CHASE ARCHITECTURAL SERVICES Effect of Transactions on the Financial Statements for Year 1 Assets Llabilities Stockholders' Equity Revenue - Expense - Net Income No. Statement of Cash Flows Accounts Recevable + Supplies Supplies Accounts Payable Common Stock Retained Earnings a1. a2 Bal 0+ 0- 0