As of January 1, Year 2, Room Designs, Inc. had a balance of $4,100 in Cash, $2,300 in Common Stock, and $1,800 in Retained Earnings. These were the only accounts with balances in the ledger on January 1, Year 2. Further analysis of the company's cash account indicated that during the Year 2 accounting period, the company had (1) net cash inflow from operating activities of $4,900, (2) net cash outflow for investing activities of $14,400, and (3) net cash inflow from financing activities of $6,600. 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, Year 2, before closing. Assets Cash = Bal. 1,200 ROOM DESIGNS, INC. General Ledger Liabilities + Stockholders' Equity Notes Payable Common Stock Revenue Bal. 2,600 Bal. 7,000 Bal. 9,500 Land Bal. 14,400 Retained Earnings Bal. 1,800 Expenses Bal. 4,600 Dividends Bal. 700 Required a. Assume that the net cash inflow from financing activities of $6,600 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, Year 2. c-2. Prepare a statement of changes in stockholders' equity for the year ended December 31, Year 2. c-3. Prepare a balance sheet as of December 31, Year 2. c-4. Prepare a statement of cash flows for the year ended December 31, Year 2. Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 Req C3 Req C4 Assume that the net cash inflow from financing activities of $6,600 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. (Cash outflows should be indicated with a minus sign.) ROOM DESIGNS, INC. Cash flows from financing activities Net cash flow from financing activities Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 Req C3 Req C4 What did the company purchase that resulted in the cash outflow from investing activities? Net cash outflow for the Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 Req C3 Req C4 Prepare an income statement for the year ended December 31, Year 2. ROOM DESIGNS, INC. Income Statement For the Year Ended December 31, Year 2 Req A Req B Req C1 Req C2 Prepare a statement of changes in stockholders' equity for ROOM DESIGNS, INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock Beginning retained earnings EA $ 0 Ending retained earnings 0 Total stockholders' equity $ 0 Req A Req B Req C1 Req C2 Req C3 Req C4 Prepare a balance sheet as of December 31, Year 2. ROOM DESIGNS, INC. Balance Sheet As of December 31, Year 2 Assets Total assets Liabilities Total liabilities Stockholders' Equity $ 0 $ 0 Total stockholders' equity 0 Total liabilities and stockholders' equity $ 0 Prepare a statement of cash flows for the year ended December 31, Year 2. (Cash outflows should be indicated with a minus sign.) ROOM DESIGNS, INC. Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Ending cash balance $ 0 0 0 $ 0