help me answer B and A fill in all the blanks if possible

Uan chandising business in Year. The business experienced the following events during its tirst year operation. Assume that Watson uses the perpetual inventory system, 1. Acquired $32,000 cash from the issue of common stock. 2. Purchased inventory for $25,600 cash. 3. Sold inventory costing $16,500 for $29,500 cash Required a. Record the events in a horizontal statement model. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the ce blank b. Prepare an income statement for Year 1 (use the multistep format) c. What is the amount of total assets at the end of the period? 05 Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare an income statement for Year 1 (use the multistep format), DAN WATSON MERCHANDISING Income Statement For the Year Ended December 31, Year 1 0 Operating expenses Not income 5 0 Required a. Record the events in a horizontal statement model. In the Cash Flow column, u investment activity, FA for financing activity, or NC for net change in cash. If the blank. b. Prepare an income statement for Year 1 (use the multistep format). c. What is the amount of total assets at the end of the period? Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare an income statement for Year 1 (use the multistep format). DAN WATSON MERCHANDISING Income Statement For the Year Ended December 31, Year 1 0 0 Accounts payable Accounts receivable Cash Common stock ces Required A Required B Required Prepare an income statement for Year 1 (use the multistep format). DAN WATSON MERCHANDISING Income Statement For the Year Ended December 31, Year 1 0 0 Gross margin