3C Company experienced the following accounting events during 2022 1. Started operations on January 1 when it acquired $50,000 cash by issuing common stock. 2. Purchased merchandise on account that cost $10,000. Sales tax amounted to $700 (not included in the $10,000 ). 3. On March 1, collected $12,000 cash as an advance for services to be performed in the future. The contract required that ABC provide services for a one-year period starting March 1. 4. Earned $8,000 of revenue on account. 5. Paid cash operating expenses of $6,500. 6. Bought equipment for $5,000 on account. The equipment will be depreciated using the straight-line method. It has a residual value of $500 and an estimate useful life of 3 years. 7. Collected $2,500 cash from accounts receivable. 8. On November 1, paid $24,000 for one year of rent. The contract required that ABC receives rent for a one-year period starting November 1 . 9. Sold merchandise that cost $5,000 for $11,000 cash. 10. On December 1, received a $10,000,5%,6 month note for services performed. Payment of the note and related interest will be paid back in its entirety in 6 months. 11. On December 31, adjusted the books for any necessary adjusting entries and closing entries. Required: Record the events in a financial statement model (list the appropriate account under the proper heading). Indicate dollar amounts of increases and decreaces