The following transactions apply to Ard Co. for 2013, its first year of operations:

1. Issued $60,000 of common stock for cash. 
2. Provided $94,000 of services on account. 
3. Collected $84,500 cash from accounts receivable. 
4. Loaned $10,000 to Swan Co. on October 1, 2013. The note had a one year term to maturity and a 6 percent interest rate. 
5. Paid $41,000 of salaries expense for the year. 
6. Paid a $3,000 dividend to the stockholders. 
7. Recorded the accrued interest on December 31, 2013 (see item 4). 
8. Determined that $990 of accounts receivable were uncollectible. The company uses the direct write off method.

Required:

a. Record the above transactions in general journal form. 
b. Post the entries to T-accounts. 
c. Prepare the income statement, balance sheet, and statement of cash flows for 2013. 
d. Show the effects of the above transactions in a horizontal statements model like the one shown below.