Hart, Attorney at Law, Experienced the following transactions in 2018, the first year of operations. a. Accepted $16,700 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months.
b. Performed legal services for cash of $61,500.
c. Purchased $1,000 of office supplies on account.
d. Paid $900 of the amount due on accounts payable.
e. Paid a cash dividend to the stockholders of $4,600.
f. Paid cash for operating expenses of $18,200.
g. Determined that at the end of the accounting period, $95 of office supplies remained on hand.
f. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1.

Required:
Show the effects of the events on the financial statements using a horizontal statement model.