The following events apply to Lewis and Harper, a public accounting firm, for the Year $1$ accounting period: $1.$ Performed $$70,000$ of services for clients on account. $$70,0002.$ Performed $$40,000$ of services for cash. $$40,0003.$ Incurred $$36,000$ of other operating expenses on account. $$36,0004.$ Paid $$10,000$ cash to an employee for salary. $$10,0005.$ Collected $$47,000$ cash from accounts receivable. $$47,0006.$ Paid $$16,000$ cash on accounts payable. $$16,0007.$ Paid a $$8,000$ cash dividend to the stockholders. $$8,0008.$ Accrued salaries were $$2,000$ at the end of Year $1.$ $$2,000$ Required a$.$ Show the effects of the events on the financial statements using a horizontal statements model like the following one. what does accounts receivable look like