The following events apply to Lewis and Harper, a public accounting firm, for the Year 1 accounting period: Performed $109,500 of services for clients on account. Performed $59,000 of services for cash. Incurred $66,000 of other operating expenses on account. Paid $24,500 cash to an employee for salary. Collected $73,000 cash from accounts receivable. Paid $22,000 cash on accounts payable. Paid an $7,000 cash dividend to the stockholders. Accrued salaries were $5,800 at the end of Year 1. Required a. Show the effects of the events on the financial statements using the following horizontal statements model. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. The first event is recorded as an example. b. What is the amount of total assets at the end of Year 1