Joe Roberts, a retired navy seal operator, started Special Ops Security, which focuses on providing personal protection services to high$-$profile individuals. The company experienced the following events during its first year of operations, Year $1$ :

Acquired $$200,000$ cash from the issuance of common stock.

Earned $$80,000$ revenue on account from providing personal protection services for local celebrities.

Collected $$55,000$ of the balance in accounts receivable.

Required:

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$).$ The first transaction is shown as an example.

Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed.

$\backslash$table$[[\backslash$table$[[$Event$],[$Number$]],$Balance Sheet,Income Statement,$\{$

$\backslash$table$[[$Statement of Cash$],[$Flows$]]\}],[$Assets$,\backslash$table$[[\backslash$table$[[=$