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[The following information applles to the questions displayed below.] Sye Chase started and operated a small famly architectural firm in Year 1. The firm was

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[The following information applles to the questions displayed below.] Sye Chase started and operated a small famly architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $17,700 of services on account, and (2) he purchased $7,600 of supplies on account. There were $1,050 of supplies on hand as of December 31 , Year 1. Exercise 13-10A (Algo) Part c c. Show the above transactions in a horizontal statements model. (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.)

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