3 HW Help Save & Exit Check my Required information 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 $ 31,400 20,400 14.100 25.600 12,100 The following events apply to Oak Consulting for Year 1. Provided $73,800 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $45,300 of accounts receivable. 4. Paid $38,900 cash for salaries expense. 5. Paid $15,750 cash as a partial payment on accounts payable. 6. Paid a $8,700 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.)