Questions 1-2 (of 2) mhe following Information applies to the questions displayed below) The following transactions apply to Brooks Co. for 2014, its first year of operations 1. Issued $60,000 of common stock for cash. 2. Provided $74,000 of services on account. 3. Collected $62,000 cash from accounts receivable. 4. Loaned $15.000 to Horne Co. on october 1, 2014. The note had a one-year term to maturity and an 8 percent interest rate. 5. Paid $47000 of salaries expense for the year. 6. Paid a $2,500 dividend to the stockholders. 7 Recorded the accrued interest on December 31, 2014 (see item 4). 8. Uncollectible accounts expense is estimated to be 1 percent of service revenue on account. value: 15.00 points Required a. Show the effects of the above transactions in a horizontal statements model like the one shown below. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), a financing activity (FA) and net change in cash (NC). The letters NA indicate that an element is not affected by the event. (Enter any decreases to account balances and cash outflows with a minus sign.)