Please see below under "Requirements" for the questions that need to be answered.I have answered most of it, but some of my answers are wrong according to MC Graw site.

The following events were completed by Dana's Imports in September 2018: Sept. 1 Acquired $51,000 cash from the issue of common stock. 1 Purchased $33,500 of merchandise on account with terms 2/10, n/30. 5 Paid $850 cash for freight to obtain merchandise purchased on September 1. 8 Sold merchandise that cost $11,750 to customers for $16,500 on account, with terms 2/10, n/30. 8 Returned $500 of defective merchandise from the September 1 purchase to the supplier. 10 Paid cash for the balance due on the merchandise purchased on September 1. 20 Received cash from customers of September 8 sale in settlement of the account balances, but not within the discount period. 30 Paid $3,100 cash for selling expenses. Required a. Record each event in a statements model like the following one. 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 first event is recorded as an example. b. Prepare an income statement for the month ending September 30. c. Prepare a statement of cash flows for the month ending September 30. Complete this question by entering your answers in the tabs below. Required A Required B Required C Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare a statement of cash flows for the month ending September 30. (Enter cash outflows as negative amounts.) DANA'S IMPORTS Statement of Cash Flows For the Month ended September 30, 2018 Cash flows from operating activities Inflow from customers | $ 16,500 Outflow for inventory 32,340 Outflow for selling and administrative expense (3,100) $ 45,740 Wet cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Inflow from stock issue 51,000 51,000 96,740 Wet cash flow from financing activities Wet change in cash Plus: Beginning cash balance Ending cash balance $ 96,740 Required A Required B Required c Record each event in a statements model like the following one. 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 first event is recorded as an example. (Not every cell will require entry. Enter any decreases to account balances and cash outflows with a minus sign.) Show less Date Statement of Cash Flows Cash + 51,000 + 51,000 FA 9/1 9/1 915 9/8a. 9/8b. (850)| + DANA'S IMPORTS Effect of Transactions on Financial Statements Using Horizontal Statements Model Balance Sheet Income Statement Assets = Liabilities + Stockholders' Equity Net Accounts _ _ Accounts. Common Retained Revenue - Expenses = - Income + Inventory = Receivable y Payable Stock Earnings 51,000 + 33,500 = 33,500 + 850 = (850) + (11,750) =/ + (11,750) 11,750 = (11,750) 16,500 16,500 16,500|- | 16,500 (500) = (500)| = (32,340) + (16,500) + (3,100) 3,100 = (3,100) $ 0 + $ 22,100 = $ 660 + $ 51,000 + $ 800 $ 16,500 - $ 14,850 = $1,650 + (850)| OA + + + + + 9/8c. + + + + 9/10 9/20 9/30 Total (32,340) + 16,500+ (3,100) + 31,210 + (32,340)| 16,500| (3,100)| $ 31,210 OA OA OA NC + $ Required A Required B >