[The following information applies to the questions displayed below.] At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $34,400 20,900 10,000 32,600 12,700 The following events apply to Oak Consulting for Year 2: 1. Provided $74,900 of services on account. 2. Incurred $2,600 of operating expenses on account. 3. Collected $49,700 of accounts receivable. 4. Paid $32,400 cash for salaries expense. 5. Paid $11,340 cash as a partial payment on accounts payable. 6. Paid a $8,200 cash dividend to the stockholders. c. Show the beginning balances and the transactions in a horizontal statements model. (Enter any decre cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to design investing activity, FA for financing activity, and NC for net change in cash. Not all cells require input.] OAK CONSULTING Effect of Transactions on the Financial Statements for Year 2 No Bal. 1 23 3 4 Cash Accounts Receivable Balance Sheet Liabilities Accounts Stockholders' Equity Common Payable Stock Retained Earnings Revenue Assets + ++++ < Prev Income Stal Expens + 3 4 5 6