activities $(1-$A$)$

b$.$ What is the balance of accounts receivable at the end of Year $1?$

c$.$ What is the balance of accounts payable at the end of Year $1?$

d$.$ What are the amounts of gross margin and net income for Year $1?$

e$.$ Determine the amount of net cash flow from operating activities.

Complete this question by entering your answers in the tabs below.

Req A Req B to E activities $($OA$),$ investing activities $($IA$),$ or financing activities $($FA$).$

Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed.

Show less $4$

$\backslash$table$[[$HARDY MERCHANDISING COMPANY$],[$Effect of Events on the Financial Statements$],[$Event$,$Balance Sheet,Income Statement,$\{$

$\backslash$table$[[$Statement of Cash$],[$Flows$]]\}],[$Assets$,,$Liabilities,$+,$Stockholders' Equity,Revenue,Expenses,$=,\backslash$table$[[$Net$],[$Income$]]],[$Cash$,+,\backslash$table$[[\backslash$table$[[$Accounts$],[$Receivable$]]]],+,$Inventory,,$\backslash$table$[[$Accounts$],[$Payable$]],+,\backslash$table$[[$Common$],[$Stock$]],+,\backslash$table$[[$Retained$],[$Earnings$]]],[$Beginning balance,$20,000,+,,+,,=,,+,20,000,+,,,-,,=,,,],[1.,,+,,+,,=,,+,,+,,,-,,=,,,],[2a,,+,,+,,=,,+,,+,,,-,,=,,,],[2b.,,+,,+,,=,,+,,+,,,-,,=,,,],[3.,,+,,+,,=,,+,,+,,,-,,=,,,],[4.,,+,,+,,=,,+,8,+,,7,-,,=,,,],[5.,,+,,+,,=,,+,,+,,,-,,=,,,7],[$Ending balance,$$20,000,+,$$$,+,$$$,=,$$$,+,$$$20,000,+,$$$,$$$,-,$$$,=,$$$,$$$,N{C}^{**}$