At the beginning of Year 2, the Redd Company had the following balances in its accounts: C Cash Inventory Common stock Retained earnings $7.900 1.900 7,400 2.400 During Year 2, the company experienced the following events: 1. Purchased inventory that cost $5,400 on account from Ross Company under terms 2/10, 1/30. The merchandise was delivered FOB shipping point. Transportation costs of $490 were paid in cash 2. Returned $450 of the inventory it had purchased because the inventory was damaged in transit. The seller agreed to pay the return transportation cost. 3. Paid the amount due on its account payable to Ross Company within the cash discount period. 4. Sold inventory that had cost $5,900 for $8.900 on account, under terms 2/10, 1/45. 5. Received merchandise returned from a customer. The merchandise originally cost $490 and was sold the customer for $790 cash. The customer was paid $790 cash for the returned merchandise 6. Delivered goods FOB destination in Event 4. Transportation costs of $590 were paid in cash 7. Collected the amount due on the account receivable within the discount period 8. Took a physical count indicating that $1,600 of inventory was on hand at the end of the accounting period. C-1. Prepare a multistep income statement c-2. Prepare a statement of changes in stockholders' equity C-3. Prepare a balance sheet regun mommation 3. Prepare a balance sheer c-4. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below Reg C1 Reg C2 Reg C3 Reg C4 Prepare a multistep income statement. REDD COMPANY Income Statement For the Year Ended December 31, Year 2 Operating expenses Reg C2 >