The following events apply to Lewis and Harper, a public accounting firm, for the Year 1 accounting period: 1. Performed $67,000 of services for clients on account. 2. Performed $42,000 of services for cash. 3. Incurred $32,000 of other operating expenses on account: 4. Paid $16,000 cash to an employee for salary. 5. Collected $50,000 cash from accounts receivable. 6. Paid $17,000 cash on occounts payable. 7. Paid a $5,000 cash dividend to the stockhoiders: 8. Accrued salaries were $2,400 at the end of Year 1 . Required a. Show the effects on the financial statements using the following horizontal statements modeL in the cash flow column, use OA to designate operating activity, IA for investing activity. FA for financing activity, or NC for net change. If the element is not affected by the event, leave the cell blank. The first transaction is shown as an example. b. What is the amount of total assets at the end of Year 1 ? c. What is the balance of accounts recelvable at the end of Year 1 ? d. What is the balance of accounts payable at the end of Year 1 ? f. What is the net income for Year 1 ? g. What is the amount of net cash flow from operating activities for Yoar 1 ? Complete this question by entering your answers in the tabs below. Show the effects on the finandal statements using the following horizontal statements model. In the cash fow column, use OA to designate operating activity, IA for inve financing activity, or NC for net change. If the element is not affected by the event, lesve the cell blank. The first transaction is shown as an example fNot all cells will re decreases to account balances with a minus sign.)