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Use a horizontal financial statementa model to show how each event affects the balance sheet, income statement, and statement of cash flows, More investing activities (IA), or financing activities (FA). Use NA to indicate occounts not affectrd by the event. The first transaction is shown as an example Note: Enter any decreakes to account bolances and cesh outhows with a minas sign. Leave celis blank if no inout is netded. Mind Maps Company is a new start-up focusing on improving the mentat heaith of its customers through meditation. The company experlenced tho following events during its first year of operations, Year 1 . 1. Performed services on account in the amount of $56,800 during Yoar 1. 2. Collected $13,400 cash of the balance of accounts recelvable during Year 1. 3. Recorded $28,400 of accrued salaries at the end of the fiscal year. 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, fecord the amounts of the events into the model. Also, in the Statement of Cash Fiows column, classily the cash fows as operating activities (OA), investing activities (IA), or financing activities (FA). Use NA to indicote accounts not affected by the event. The first transaction is shown as an example. b. Is the amount of net income different from the net cash flow from operating activities during Year 1 ? Use a horizontal financial statementa model to show how each event affects the balance sheet, income statement, and statement of cash flows, More investing activities (IA), or financing activities (FA). Use NA to indicate occounts not affectrd by the event. The first transaction is shown as an example Note: Enter any decreakes to account bolances and cesh outhows with a minas sign. Leave celis blank if no inout is netded. Mind Maps Company is a new start-up focusing on improving the mentat heaith of its customers through meditation. The company experlenced tho following events during its first year of operations, Year 1 . 1. Performed services on account in the amount of $56,800 during Yoar 1. 2. Collected $13,400 cash of the balance of accounts recelvable during Year 1. 3. Recorded $28,400 of accrued salaries at the end of the fiscal year. 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, fecord the amounts of the events into the model. Also, in the Statement of Cash Fiows column, classily the cash fows as operating activities (OA), investing activities (IA), or financing activities (FA). Use NA to indicote accounts not affected by the event. The first transaction is shown as an example. b. Is the amount of net income different from the net cash flow from operating activities during Year 1