Part I - ABC Corp. (50 points) ABC Corp. is a hardware retailer that sells home building supplies. It was founded on October 1, 2019. Its fiscal year ends on September 30. Below you will find ABC's economic events/transactions during fiscal year (FY) 2020 and 2021. Fiscal year 2020 (2021) starts on October 1, 2019 (2020) and ends on September 30, 2020 (2021). Required: 1. (10 points) For each event a-f, provide the required journal entries to record the explicit event (Dates are not required) e.g.: Cash Debit Credit x y PP&E Provide the adjusting entries in question 2. a. On October 1, 2019, ABC issued 10,000 common shares for $500,000 cash. Par value of each common share was $0.1. b. On October 19, 2019, ABC purchased nail guns for $80,000. It paid $30,000 in cash, and the rest was on account. On November 1, 2019, ABC rented a warehouse to store its inventory. It paid $24,000 cash up front for the 12-month rental period.