Solve the horizontal financial statement model using the given information from the company.

(The following Informeron appl/es to the guest,'ons d,'sflayed be/ow.j Maben Compony was started cri January 1. Year 1, end experlenced the followlng events durlng Its first year of operatlon: 1. Acqulred S34.OOO cosh from the Issue of common stock. 2 Borrowed S46,OOO cash from Natlonel Benk 3. Earned cash revenues of SQOOO for performlng servlces 4. Pald cash expenses of $52.000_ 5. Pald a $2,400 cash dlvldend to the stockholders 6. Acqulred an addltlonal S34,OOO cosh from the Issue of common stock. 7 Pald S12000 cosh to reduce the prlnclpal balance oflhe bank note 8. Pald S47,OOO cash to purchose Bnd. g. Determlned that the market value of the land Is $66,000 Problem 2-20A (Algo) Pert e Requlred: a. use a horlzontal financlal statements model to show how each event effects the balance sheet, Income statement, and statement of cosh flows. In the Cosh Flow column, use OA to deslgnate operatlng actlvlty, IA for Investment ecvvlty, and FA for financlng ectlvlty_ The first event Is recorded os on example Note: Enter any decreases to account balances with e mlnus 51gn. Not all cells In the "Statement of Cash Flows" column may requlre en Input . leave cells blank If there 15 no corresponding Input needed. Statements Model Year 1 Sheet Statement of Cash Lia bilitiu Stockholde Equity Re tai