Ball 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 perlod. 6. Sold merchandise Inventory on account. 7. Pald cash for selling and administrative expenses. 8. Pald cash for transportation-In. 9. Collected cash from accounts recelvable 10. Pald cash for transportation-out. Requlrec ldentify each event as asset source (AS), asset use (AU), asset exchange (AE), or clalms exchange (CE). Also explain how each event affects the financial statements by placing a for increase,-for decrease, or NA for not affected under each of the components In the following statements model. Assume the use of the perpetual Inventory system. The first event is recorded as an example. (In the Cash Flow column, use the Inltials OA to designate operating actlvlty, IA for Investing actlvlty, FA for finencing activity, and NA for no affect.) BALI SALES COMPANY Horizontal Statements Model Event No. Type Stockholder's Equi Revenue Expense Assets Liabilities + Net Income Cash Flows 1. AE NA + NA NA - NA - NA OA 4b 6b 10