Hart Attorney at Law, experienced the following transactions in Year 1, the first year of operations 2. Accepted the 109 om AperitaYear of stretainer for sences to be performed evenly over the next 12 months. Services Performed legal services for cash $61000 3. Purchased $1300 of office supplies on account 4. Paid $470 of the amount due on accounts payable 5. Paid a cash dividend to the stockholders of $5.800 6. Pald cash for operating expenses of $20.900 7. Determined that at the end of the accounting period $140 of office supplies remained on band. 8. On December 31 Year recognized the revenue that had been earned for services performed in accordance with Transaction 1 eBook Hint Show the effects of the events on the financial statement using the following horizontal statements modet. In the Cash Flows column. use OA to designate operating activity FA for financing activity, IA for investing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank 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. Not all cells will require entry) ok Assets HART ATTORNEY AT LAW Effect of Transactions on the Financial Statements for Year 1 Balance Sheet Income Statement Liabilities Stockholders Equity Accounts Unearned Retained Revenue Expense - Net Income Payable Revenue Earnings 15,100 Statement of Cash Flow Event No Cash Supplies 15 100 1 2 15.100 OA nces 3 . 5 6 7 8 Total