Question: Please only do C-3 & C-4 under the requirements Return to question As of January 1, 2018, Room Designs, Inc. had a balance of $5,000

 Please only do C-3 & C-4 under the requirements Return to
question As of January 1, 2018, Room Designs, Inc. had a balance
Please only do C-3 & C-4 under the requirements

Return to question As of January 1, 2018, Room Designs, Inc. had a balance of $5,000 in Cash, $2,750 in Common Stock, and $2,250 in Retained Earnings. These were the only accounts with balances in the ledger on January 1, 2018. Further analysis of the company's cash account indicated that during the 2018 accounting period, the company had (1) net cash inflow from operating activities of $5,350, (2) net cash outflow for investing activities of $13,500, and (3) net cash inflow from financing events were cash events. The following accounts and balances represent the general ledgef of Room Designs, Inc. as of December 31, 2018, before closing. 2.94 points s of $12,100. All revenue and expense ROOM DESIGNS, INC General Ledger Liabilities + Notes Payable nal Common Stock Bal Bal. 8,950 5,500 10,750 10,400 Retainecd rningl5,050 Expenses Bal. Bal. 13,500 Bal. 2,250 Dividends Bal. 1,400 Required a. Assume that the net cash inflow from financing activities of $12.100 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. b. What did the company purchase that resulted in the cash outflow from investing activities? c-1. Prepare an income statement for the year ended December 31, 2018 c-2. Prepare a statement of changes in stockholders' equity for the year ended December 31, 2018. c-3. Prepare a balance sheet as of December 31, 2018. c-4. Prepare a statement of cash flows for the year ended December 31, 2018

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