The following information applies to the questions displayed below. Part 1 of 2 The following transactions apply to Hooper Company for Year 1, its first year of operations: issued $180.000 of common stock for cash. 2. Provided $104.000 of services on account. 3. Collected $90.000 cash from accounts receivable 4. Loaned $13.000 to Mosbv Co. on November 30. Year 1. The note had a one-year term to maturity and an 8 percent merestole. 5. Paid 40.000 of salaries expense for the vear. 6. Paid a $3.000 dividend to the stockholders. Recorded the accrued interest on December 31. Year 1 see item 4). 8. Estimated that 1 percent of service revenue will be uncollectible. Required a. Use a horizontal financial statements model to show how each event affects the balance sheet. income statement. and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). Note: Do not round your intermediate calculation and round your final answer to the nearest whole dollar. Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed.

b. Prepare the income statement, balance sheet, and statement of cash flows for Year 1.