just need help with 7 and 8.

Required information (The following information applies to the questions displayed below.] The following transactions apply to Hooper Co. for Year 1, its first year of operations: 1. Issued $150,000 of common stock for cash. 2. Provided $90,000 of services on account. 3. Collected $78,000 cash from accounts receivable. 4. Loaned $11,000 to Mosby Co. on November 30, Year 1. The note had a one-year ter interest rate. 5. Paid $36,000 of salaries expense for the year. 6. Paid a $2,500 dividend to the stockholders. 7. Recorded the accrued interest on December 31, Year 1 (see item 4). 8. Estimated that 1 percent of service revenue will be uncollectible. Required Event No. Income Statement Cash HOOPER CO, Horizontal Statements Model Balance Sheet Assets Equity NRV Accounts Notes Interest Common Retained Recevable Receivable Recelvable Stock Earnings 150,000 90,000+ 90,000 (78,000) 11,000+ (36,000) Revenue Statement of Cash Flow Expense - Net Income 150,000+ 1. 2. ++ + 90,000 90,000 3. 4. 5. + 7,8001 - (11,000) (36,000) (2,500) + 38,000 6. 7. . 8. Total 108,300 12.000 11,000 0 150,000 54,000 90.000 36,000 99.000