Required information [The following information applies to the questions displayed below] The following transactions apply to Hooper Co. for 2018, its first year of operations: 1. Issued $120,000 of common stock for cash. 2. Provided $90,000 of services on account. 3. Collected $74,000 cash from accounts receivable. 4. Loaned $15,000 to Mosby Co. on November 30, 2018. The note had a one-year term to maturity and a 8 percent interest rate 5. Paid $44,000 of salaries expense for the year. 6. Paid a $3,000 dividend to the stockholders. 7. Recorded the accrued interest on December 31, 2018 (see item 4). 8. Estimated that 1 percent of service revenue will be uncollectible. a. Show the effects of these transactions in a horizontal statements model like the one shown as follows. (Enter any decreases to account balances and cash outflows with nearest whole number.) minus sign. Do not round intermediate calculations and round your final answers to HOOPER CO Horizontal Statements Model Assets Allowance for Doubtful Accounts Equity Income Statement Event No. Statement of Cash Flow Accounts Notes ReceivableReceivable Common Stock Retained Earnings Interest Cash Receivable Revenue - Expense =Net Income Total Req B Inc Req B Ba Req B Stmt Sheet Stmt Cash Flows Prepare the income statement for 2018. (Round intermediate calculations and final answers to nearest whole dollar amount.) HOOPER CO Income Statement For the Year Ended December 31, 2018 Operating expenses Total operating expenses Non-Operating ltems Req B IncReq B BaReq B Stmt Sheet Cash Flows Stmt Prepare the balance sheet for 2018. (Round intermediate calculations and final answers to nearest whole dollar amount.) HOOPER CO Balance Sheet As of the End of the Year 2018 Assets Total assets Liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Req B Inc Req B Ba Req B Stmt Sheet Stmt Cash Flows Prepare the statement of cash flows for 2018. (Amounts to be deducted should be indicated with a minus sign.) HOOPER CO Statement of Cash Flows For the Year Ended 2018 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities Net cash flows from financing activities Net change in cash Ending cash balance