As of January 1, 2018, Room Designs, Inc. had a balance of $5,200 in Cash, $2,850 in Common Stock, and $2,350 in Retained Earnings. These were the only accounts with balances in the ledger on January 1, 2018. Further analysis of the company's cash account indicated that during the 2018 accounting period, the company had (1) net cash inflow from operating activities of $5,450, (2) net cash outflow for investing activities of $13,700, and (3) net cash inflow from financing activities of $13,900. All revenue and expense events were cash events. The following accounts and balances represent the general ledger of Room Designs, Inc. as of December 31, 2018, before closing. = Assets Cash Bal. 10,850 ROOM DESIGNS, INC. General Ledger Liabilities + Stockholders' Equity Notes Payable Common Stock Revenue Bal. 6,500 Bal. 11,850 Bal. 10,600 Land 13,700 Retained Earnings 2,350 Expenses Bal. 5,150 Bal. Bal. Dividends Bal. 1,600 Required a. Assume that the net cash inflow from financing activities of $13,900 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. b. What did the company purchase that resulted in the cash outflow from investing activities? C-1. Prepare an income statement for the year ended December 31, 2018. c-2. Prepare a statement of changes in stockholders' equity for the year ended December 31, 2018. c-3. Prepare a balance sheet as of December 31, 2018. C-4. Prepare a statement of cash flows for the year ended December 31, 2018. Complete this question by entering your answers in the tabs below. Reg A Reg B Reg C1 Reg C2 Reg C3 Req C4 Required a. Assume that the net cash inflow from financing activities of $13,900 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. b. What did the company purchase that resulted in the cash outflow from investing activities? C-1. Prepare an income statement for the year ended December 31, 2018. c-2. Prepare a statement of changes in stockholders' equity for the year ended December 31, 2018. C-3. Prepare a balance sheet as of December 31, 2018. C-4. Prepare a statement of cash flows for the year ended December 31, 2018 Complete this question by entering your answers in the tabs below. Req A Reg B Reg C1 Reg C2 Reg C3 Reg C4 Assume that the net cash inflow from financing activities of $13,900 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. (Amounts to be deducted should be indicated with a minus sign.) $ ROOM DESIGNS, INC. Cash flows from financing activities Cash receipts from stock issue Cash receipts from loan Cash payments for dividends Net cash flow from financing activities 9.000 6,500 (1600) 13,900 $ ReqA ReqB > Complete this question by entering your answers in the tabs below. Req A Reg B Req c1 Reg C2 Reg C3 Reg C4 Prepare an income statement for the year ended December 31, 2018. ROOM DESIGNS, INC. Income Statement For the Year Ended December 31, 2018 Revenue $ 10,600 Expenses 5,150 Net income $ 5,450 As of January 1, 2018, Room Designs, Inc. had a balance of $5,200 in Cash, $2,850 in Common Stock, and $2,350 in Retained Earnings. These were the only accounts with balances in the ledger on January 1, 2018. Further analysis of the company's cash account indicated that during the 2018 accounting period, the company had (1) net cash inflow from operating activities of $5,450, (2) net cash outflow for investing activities of $13,700, and (3) net cash inflow from financing activities of $13,900. All revenue and expense events were cash events. The following accounts and balances represent the general ledger of Room Designs, Inc. as of December 31, 2018, before closing. = Assets Cash Bal. 10,850 ROOM DESIGNS, INC. General Ledger Liabilities + Stockholders' Equity Notes Payable Common Stock Revenue Bal. 6,500 Bal. 11,850 Bal. 10,600 Land 13,700 Retained Earnings 2,350 Expenses Bal. 5,150 Bal. Bal. Dividends Bal. 1,600 Required a. Assume that the net cash inflow from financing activities of $13,900 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. b. What did the company purchase that resulted in the cash outflow from investing activities? C-1. Prepare an income statement for the year ended December 31, 2018. c-2. Prepare a statement of changes in stockholders' equity for the year ended December 31, 2018. c-3. Prepare a balance sheet as of December 31, 2018. C-4. Prepare a statement of cash flows for the year ended December 31, 2018. Complete this question by entering your answers in the tabs below. Reg A Reg B Reg C1 Reg C2 Reg C3 Req C4 Required a. Assume that the net cash inflow from financing activities of $13,900 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. b. What did the company purchase that resulted in the cash outflow from investing activities? C-1. Prepare an income statement for the year ended December 31, 2018. c-2. Prepare a statement of changes in stockholders' equity for the year ended December 31, 2018. C-3. Prepare a balance sheet as of December 31, 2018. C-4. Prepare a statement of cash flows for the year ended December 31, 2018 Complete this question by entering your answers in the tabs below. Req A Reg B Reg C1 Reg C2 Reg C3 Reg C4 Assume that the net cash inflow from financing activities of $13,900 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. (Amounts to be deducted should be indicated with a minus sign.) $ ROOM DESIGNS, INC. Cash flows from financing activities Cash receipts from stock issue Cash receipts from loan Cash payments for dividends Net cash flow from financing activities 9.000 6,500 (1600) 13,900 $ ReqA ReqB > Complete this question by entering your answers in the tabs below. Req A Reg B Req c1 Reg C2 Reg C3 Reg C4 Prepare an income statement for the year ended December 31, 2018. ROOM DESIGNS, INC. Income Statement For the Year Ended December 31, 2018 Revenue $ 10,600 Expenses 5,150 Net income $ 5,450