At the beginning of 2013, the Bradley Company had the following balances in its accounts $8.600 18.000 20,000 6,600 Cash Common stock Retained earnings During 2014, the company experienced the following events 1 Purchased inventory that cost $4.400 on account from Bivins Company under terms 110. n/30 The merchandise was delivered FOB shipping point Freight costs of $190 were paid in cash 2 Returned $400 of the nventory that t had purchased becouse the inventory was damaged in transit The seller egreed to pay the return freight cost 3. Paid the amount due on its account payable to Bivins Company within the cash discount perlod. 4, Sold inventory ret hed cost S6.000 for $11,000 on eccount, under terms 20. n45. 5 Receved merchandise returned from a customer. The merchandise onginally cost $800 and was sold to the customer for $1,450 cash. The customer was paid $1,450 cash for the returned merchandise 6 Delivered goods FOB destnetion in Event 4. Freight costs of $120 were paid in cash 7. Collected the amount due on the eccount recevable within the discount period 8. Took a physical count indiceting that $15,500 of inventory wes on hand at the end of the accounting period Required a. Identify these events as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). (Select"NA" if there is no effect on the "Classification".) Event Classification 1a (purchase inventory). 1b (shipping cost) 4a (recording revenue) 4b (recording cost of goods sold). Sa (reversing revenue) 5b (reversing cost of goods sold)