Help Save & Ex 10 oped 1. Accepted $19,900 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months 2. Performed legal services for cash of $62,000. 3. Purchased $1,200 of office supplies on account. 4. Paid $1,080 of the amount due on accounts payable. 5. Paid a cash dividend to the stockholders of $5,300. 6. Paid cash for operating expenses of $19,500. 7. Determined that at the end of the accounting period $90 of office supplies remained on hand. 8. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1. Required: Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA). Investing activities (IA), or financing activities (FA). The first event has been recorded as an example. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed. HART, ATTORNEY AT LAW Effect of Transactions on the Financial Statements for Year 1 Balance Sheet Event Number Liabilities 1. Cash 19,900 Accounts Supplies Payable Unearned Revenue 19,900 2 3. 4. + 5. 4 + 6. 7. + 8. Totals 19,900 0- 01+ Stockholders' Income Statement Equity Statement of Cash Flow Retained Revenue Earnings Expense Net Income 19,900 OA Che 19,900 + 0 0 19,900 NC "The letters NC on the last line of the column designate the net change in cash. Prou