2 . Junker's Stash started the Year 2 occounting period with the balances given in the financial statements model shown below. During Year 2. Junker's Stash experienced the following business events Paid cash to purchase $74.000 of merchandise inventory 2. The goods that were purchased in Events were delivered FOB destination Freight costs of $5480 were paid in cast by the responsible party 30 Sold merchandise for $78,000 under terms Vion/30 3. Recognized $43,900 of cost of goods sold. da. Junker's Stash customers returned merchandise that was sold for $2.380 46. The merchandise returned in Event 4a had cost Junker's Stash $1.290. 5. The merchandise in Event was sold to customers on destination. Freight costs of $1690 were padin cath by the responsible party GA The customers paid for me merchandise sold in Event 3 within the discount period Recognized the lesson 66 Collected the balance in the accounts receivable account 2. Paid cash of $6.950 for sewing and administrative expenses. 8. Sold the land for $9.300 cm Required Becord the above ansactions in a financial statements model. The first event is recorded as an ex b. Determine the amount of net sales c. Prepare a mulstop income statement include common size percentages on the income statement a. The return-on-sales totio for Junker's Stash during the prior your was 12 percent. Based on the common seats in the come statement, the expenses for Junkers Stash increase or decrease in Year 2 Complete this question by entering your answers in the tabs below. Required Recured Requred Required Record the above transactions is a financial statements model. The first event is recorded as an example in the Cash Fon column, use to designate coating activ NC for not change in cash and A to indicate the element is not affected by the event. Enter any decreto account balances and cachotos with a minus Record the above transactions in a financements mode. The first event is recorded as example NC for not change in cash and NA to indicate the clement is not affected by the event. Enter any decreases to account balances and cash outfioms with a mission JUNKERS STASH Financial Statements Model Balance Sheet Revenue Gain Income Statement Expenser Loss Net Income Statement of Cash Fio Land Assets Accounts Receivable inventory . 15.400 74.000 Stockholders' Equity Common Retained Stock Earnings 74,000 37,200 . NA 11.800 - Event No Beg bal 1. 2. 3a 3b Cash 84.000 (74000) - (1.450) + 1,400 . + 78.000 78,000 43.900 (1.480) 78.000 (43.900) (1280) 1290 + . 43.900 (1.2801 + (1.280) (1.2005 - 18 SOBA 40 45 1.2901 . 5 . . . Bol 16950 7 6,950 9,300 24,770 25.680 37200 50.960 74.000 76,720 - 11.800 134,500 End, bal 76.720 Required) Required A Required B Required C Required D C Required C Determine the amount of net sales. (Round your answer to 1 decimal place.) Net sales