2. Other Objective Format (10 points) For each event, complete indicate a decrease, and classify the impact as operating nevent, complete the following horizontal financial statement tab ial statement table. Use + to indicate an increase crease, and "NA" for no affect. If the event has an impact to the Statement of Cash Flows, also pact as operating activity (OA), investing activity (1A), or financing activity (FA). Statement of Cash Flows Classification OA, IA, or FA Event Example: Paid utility bill for cash ets liabilities + Equity Revenue - Expense = Net Income OA NANA + 1. ABC Lawn Care was started on May 1 when it acquired $100 cash byssuing common stock 2. On May 1 the company borrowed $500 from a bank 3. On May 1 ABC purchased a lawnmower (An asset for cash of $600 4. On May 2nd received $1,200 cash in advance from a customer. ABC agreed to cut the customer's Lawn once a week for the next 12 weeks. 5. Cut the lawn in #4 above four times during May. ARC preguntes monthly financial statements 6. Performed lawn services on account for a customer who was out of town. Billed the customer $100, T 7. Received cash payment for services performed in 46 above 8. Paid for gas used during May in cash. 9. Accrued wages payable for the month of May. Employees will be paid in June 10. Due to the impostion of tariffs, the costs for lawn mowing equipment sky-rocketed. The lawnmower purchased in number 3 was appraised at $1,000, a $400 gain since purchase. Page 6 of 19