Blackboard QINDUS emal 4, Google Drie N Netflix E Math Help Honne. Employee n se nal e ^ Booking compete Gione Tickets Home | Chegg.com The 2018-2019 1 2 Saved Help Save & Exit Submit 3 Required information The following information applies to the questions displayed below The following transactions apply to Ozark Sales for 2018: 1. The business was started when the company received $49.500 from the issue of common stock. 2. Purchased equipment inventory of $176,000 on account. 3. Sold equipment for $196.000 cash (not including sales tax). Sales tax of 8 percent is collected when the merchandise is 0:43:33 sold. The merchandise had a cost of $121,000. 4. Provided a six-month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to 4 percent of sales. 5. Paid the sales tax to the state agency on $146,000 of the sales 6. On September 1, 2018, borrowed $21,000 from the local bank. The note had a 6 percent interest rate and matured on Book March 1, 2019 7. Paid $5,700 for warranty repairs during the year. 8. Paid operating expenses of $55,500 for the year 9. Pald $124,700 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 6. Required Record the given transactions in a horizontal statements model like the following one. (Enter an and cash outflows with a minus sign."In the Cash Flow column, indicate whether the item is investing activity (IA), or a financing activity (FA) and NA for not affected. Do not your answers to the nearest whole doller amount.) y decreases to account balances an operating activity (OA), an a. round intermediate calculations and round 948 PM