Lewis and Harper a public accounting firm,for the year 1 accounting period. 1. performed 70,000 of services for clients on account. 2. performed 40,000 of services to cash. Incurred 36,000 of the other operating expenses on account. paid 10,000 cash to an employee for salary. 5. collected 47,000 cash from accounts payable. 6. paid 16,000 cash on accounts payable. 7. paid a 8,000 cash dividend to the stockholders. 8. A cured salaries were 2,000 at the end of year 1.year show the effects on the financial statements using the following horizontal statements model. In the cash flow column, use OA to designate operating activity. IA for investing activity. FA for financing activity, or NC for net change. If the element is not affected by the event. leave the cell blanch. The first transaction is shown as an example. a. show the effects on the financial statements using the following horizontal statements model. In cash flow column, use OA to designate operating activity.