Bali Sales Company experienced the following events: 1. Purchased merchandise inventory for cash. 2. Purchased merchandise inventory on account. 3. Returned merchandise purchased on account. 4. Sold merchandise inventory for cash. 5. Paid cash on accounts payable not within the discount period. 6. Sold merchandise inventory on account. 7. Paid cash for selling and administrative expenses. 8. Paid cash for transportation-in. 9. Collected cash from accounts receivable. 10. Paid cash for transportation-out. Required Identify each event as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also explain how each event affects the financial statements by placing a - for increase or a - for decrease under each of the components in the following statements model. If the event has no affect, leave the cell blank. Assume the use of the perpetual inventory system. The first event is recorded as an example. (In the Cash Flow column, use the Initials OA to designate operating activity, IA for Investing activity, and FA for financing activity. Not every cell will require entry.) Event No. Event Type Assets Liabilities 1. AE +/- 2. 3. 4a. 4b. 5. 6a. 6b. 7. 8. 9. 10. BALI SALES COMPANY Horizontal Statements Model Stockholder's Equity Revenue Expense Net Income Cash Flows OA