Hart, Attorney at Law, experienced the following transactions in 2016, the first year of operatore 1. Accepted $38,000 on Apr 1, 2016, as a retainer for services to be performed everly over the rest 12 2. Performed legal services for cash of $54.000 3. Purchased $2.800 of office supplies on account 4. Paid $2.400 of the amount due on accounts payable 5. Paid a cash dividend to the stockholders of $5.000 6. Paid cash for operating expenses of $31,000 7. Determined that at the end of the accounting period $200 of supplies remained on hand 8. On December 31, 2016, recognized the revenue that had been cared for services performed in accordance with Transaction 1 Required Show the effects of the events on the financial statements using a horizontal statements modelike the following one. In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for not change in cash and NA to indicate accounts not affected by the event. The first event has been recorded as an example. (Do not round Intermediate calculations Enter any decreases to account balances and cash outflows with a minus sign.) Assets HART ATTORNEY AT LAW Effect of Transactions on the Financial Statements for 2016 Liabilities . Stockholders' Equity Income Statement Accounts Unearned Retained Payable Revenue Revenue Earnings Expense - Net Income 36,000+ Transaction Statement of Cash Flow Cash Supplies 1 36,000 36,000 OA 2 3 4 5 6 7 Totals