Music Flow is a streaming music service specializing in podcasts. Music Flow generates revenue through subscriptions which requires customers to pay using a credit card. Consider the following events for Music Flow in Year 1: 1. Music Flow earned $500,000 of subscription revenue during Year 1 . 2. Music Flow submitted the credit card receipts to the credit card company immediately. The credit card company paid Music Flow cash in the amount of face value less a 5 percent service charge. 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. Note: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require an input - leave cells blank if there is no corresponding input needed