!The example format doesn't include the accounts receivable!

+ Assets Liab. + Equity Rev. Exp. Net Inc. Cash Flow No. Cash + Inven. = Liab. + C. Stk. + Ret. Ear. VAARAN www Beg. Bal. 20,000 + 0- = -0- + -0- + -0- -0- -0- -0- + 0 -0- + + -0- -0- -0- + -0- + -0- + -0- -0- -0- -0- + -0- -0- + -0- + -0- -0- + -0- + -0- + -0- + -0- + + Totals + -0- + Carol Clocks Inc (CC)experienced the following events in 2019 and uses the perpetual inventory method. Beginning cash balance is $200,000. For each event, show: 1. Prepare a Cash Flow Statement. (use proper format) 2., balance sheet (A=L+E) and the income statement (R-E=NI) are affected, using specific dollar amount. (present in example format below) (show in equation form with clearly labeled and properly labeled) Be sure the equation balances. 1. CC issued $50,000 of common stock. 2. CC purchased for cash merchandise inventory for $100,000 3. The freight terms for the inventory merchandise in #1 were FOB shipping point. CC paid the freight cost of $500 in cash. 4. An inspection revealed that some of the inventory purchased in #1 was defective, and that had a cost of $5,000. CC returned this merchandise to the supplier. 5. CC sold 100 clocks at a sales price of $300 each ON ACCOUNT to customers. CC had purchased the merchandise inventory sold for $10,000 (#1). HINT: it is now that the merchandise inventory becomes an expense. 6. CC customers returned some merchandise CC had sold them in #5. The merchandise had been sold for the $3,000 and had been purchased by CC for $1,000. 7. CC paid (in cash) freight cost of $4,000 for goods delivered to customers in #5, FOB destination