Required information The following information applies to the questions displayed below) Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events ( Chase provided $18,500 of services on account, and (2) he purchased $6.000 of supplies on account. There were $850 of supplies on hand as of December 31 Year 1, c. Show the above transactions in a horizontal statements model (Enter any decreases to account balances and cosh outflows 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.) CHASE ARCHITECTURAL SERVICES Effect of Transactions on the Financial Statement for at 1 Balance Sheet Income Statement - Liabilities Stockholders' Equity Accounts Common Retained Revenue Expense Payable Stock Earnings No Statement of shows Accounts Receivable Supplies Not Income