Required information Exercise 3-22A (Algo) Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.] At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. The following events apply to Oak Consulting for Year 2 : 1. Provided $65,400 of services on account 2. Incurred $3,100 of operating expenses on account. 3. Collected $45,100 of accounts receivable. 4. Paid $31,300 cash for salaries expense. 5. Paid $13,050 cash as a partial payment on accounts payable. 6. Paid a $9,500 cash dividend to the stockholders. Exercise 3-22A (Algo) Part c c. Show the beginning balances and the transactions in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, for investing activity, FA for financing activity, and NC for net change in cash. Not all cells require input.) c. Show the beginning balances and the transactions in a horizontal statements model. (Enter any decreases to account balances and cash outfiows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells require input.)