1. Acquired $58,000 cash by Issuing common stock 2 Paid $7.200 for the materiais used to make ins products, all of which were started and completed during the year 3. Pald salarles of $4,300 to sellng and administrative employees. 4. Paid wages of $6.200 to production workers 5. Pald $6,700 for furniture used lin selling and administrative offices. The furniture was acquired on January 1. It had a S1100 estimated salvage value and a four-year useful life 6. Paid $8.600 for manufacturing equipment. The equipment was acquired on January 1. It had $2.000 estimated salvage value and a two-year useful life 7. Sold Inventory to customers for $26.200 that had cost $13.700 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 ony decreases to eccount belences with minus sign. In the Cesh Flow column, Indicate whether the Item is an opereting ectlivity (OA), Investing actlvity (IA), financing actlvity (FA), or NA for not affected.) Equity Income Statement Event cash otfse Manut Ret Rev.Exp.Net Ine. Cash flew 58.000 50.000 58.000 FA Sa se da 7b Tetal