The following events apply to Oak Consulting for Year 2: 1. Provided $70,500 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $50,100 of accounts receivable. 4. Paid $35,600 cash for salaries expense. 5. Paid $13,950 cash as a partial payment on accounts payable. 6. Paid a $9,100 cash dividend to the stockholders. c. Show the beginning balances and the events in a horizontal statements model such as the following one: (In the Cash Flow column, use the initials "OA" for operating activities, "FA" for financing activities and "NC" for net change in cash. Select "NA" wherever required. Enter any decreases to account balance and cash outflows with a minus sign.) OAK CONSULTING Effect of Transactions on the Financial Statements for Year 2 Balance Sheet Income Statement Liabilities + Stockholders' Equity Revenue Expenses - Net Income Accounts Common Retained Payable Stock Earnings Assets Accounts Receivable Statement of Cash Flow No Cash + + Bal + + + + 1 + + 2. + + + 11 4 + . 5 + + 6 + + of Bal 0 + 0 - 0 + 0 0 O 0