b. Record each event in a statements model like the following one. In the Cash Flow 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. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input. leave cells blank if there is no corresponding input needed.) Event REDD COMPANY Horizontal Statements Model - Year 2 Balance Sheet Income Statement - Liabilities - Stockholders' Equity Merchandise Accounts Common Retained Revenue Expenses Inventory Payable Stock Earnings 2,900 - 8,400 + 3.400 Statement of Cash Flows Assets Cash - Accounts Receivable 8,900 + Income Bal $ 8.900 + $ Bal 0 $ 2.900 = $ $ 3.400 $ 0-