Please complete the entire horizontal statements model

The Pet Store experienced the following events for the 2018 accounting period: 1. Acquired $100,000 cash from the issue of common stock. 2. Purchased $70,000 of inventory on account. 3. Received goods purchased in Event 2 FOB shipping point; freight cost of $1,080 paid in cash. 4. Sold inventory on account that cost $50,000 for $95,000. 5. Freight cost on the goods sold in Event 4 was $1,530. The goods were shipped FOB destination. Cash was paid for the freight cost. 6. Customer in Event 4 returned $4,400 worth of goods that had a cost of $2,250. 7. Collected $77,900 cash from accounts receivable. 8. Paid $61,000 cash on accounts payable. 9. Paid $3,100 for advertising expense. 0. Paid $3,820 cash for insurance expense. Required a. Which of these events affect period (selling and administrative) costs? Which result in product costs? If neither, label the transaction NA. b. Record the above 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 cell blank. The beginning balances have been recorded as an example. THE PET STORE Horizontal Statements Model for 2018 Balance Sheet Income Statement Event Assets Accounts Receivable = Liabilities + Accounts Payable Statement of Cash Flows Revenue Expenses = Net Income Cash + Stockholders' Equity Common Retained Stock Earnings 100,000 + + Inventory 1. 100,000 + + + 100,000 FA 2. = + + 3. = + + 4a. = + + 4b. = + + = 5. + + + . + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + 6b. + + + = + + + + + + + + + + 7. + + + = 8. - + 9. + 10. = + Bal. 100,000 + 0 + 0 = 0 + 100,000 + 0 0 0 = 0 100,000