1. Acquired $54,000 cash by issuing common stock 2. Paid $7,800 for the materials used to make its products, all of which were started and completed during the year, 3. Paid salaries of $3,600 to selling and administrative employees. 4. Paid wages of $6,900 to production workers. 5. Paid $6,500 for furniture used in selling and administrative offices. The furniture was acquired on January 1 . It had a $1,400 estimated salvage value and a three-year useful life. 6. Paid $11,400 for manufacturing equipment. The equipment was acquired on January 1 . It had a $1,800 estimated salvage value and a three-year useful life: 7. Sold inventory to customers for $26,300 that had cost $13,900 to make. Required Indicate how these events would affect the balance sheet and income statement by recording them in a horizontal financial statements model as indicated here. The first event is recorded as an example. (Enter any decreoses to occount balonces with o minus sign. For changes on the Statement of Cosh Flows, indicate whether the item is an operating activity (OA), investing octivity (IA), financing activity (FA).)