Sye Chase started and operated a small family architectural firm in Year $1.$ The firm was affected by two events: $(1)$ Chase

provided $$19,500$ of services on account, and $(2)$ he purchased $$6,800$ 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.

Note: 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, IA for investing activity, FA for financing activity and NC for net change in cash. Not

all cells require input.