[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 Balance Cash Accounts receivable Accounts payable Common stock Retained earnings $ 42,000 25,000 8,400) 24,000 34,600 The following events apply to Oak Consulting for Year 2: 1. Provided $185,000 of services on account. 2. Incurred $45,800 of operating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000 cash for salaries expense. 5. Paid $31,400 cash as a partial payment on accounts payable. 6. Paid a $10,000 cash dividend to the stockholders. c. Show the beginning balances and the transactions in a holzontal 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. OAK CONSULTING Effect of Transactions on the Financial Statements for Year 2 Balance Sheet Number Assets Accounts Liabilities Accounts Stockholders' Equity Common Retained Income Statement Statement of Cash Flows