Help Save Sub 2 Check my work Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events (1) Chase provided $16,800 of services on account, and (2) he purchased $3,500 of supplies on account. There were $1150 of supplies on hand as of December 31, Year 1 Part 2 of 3 how the above transactions in a horizontal statements model (Enter any decreases to account balances and cash outflows with inus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity for financing activity and NC for net change in cash. Not all cells require input.) 4 noints eflonk CHARE ARCHITECTURAL SERVICES Effect of Transactions on the Financial statements for Year 1 Balance Sheet Liabetes Income Statement Stockholders Equity Account Common Rutained Payable Stock Revenue Earnings Expense No. Stalent of a flow Assets Accounts Receivable Supplies Net Income #1 82 h Bal 0- D. MC