CAN YOU PLEASE HELP ME VERY CLEARLY ANSWER THESE PROBLEMS THANK YOU VERY MUCH.

CAN YOU BE VERY CLEAR WHEN WRITING THE ANSWER PLEASE

The Chair Company provides a 120-day parts-and-labor warranty on all merchandise it sells. The Chair Company estimates the warranty expense for the current period to be $1,280. During this period, a customer returned a product that cost $960 to repair Required a. Show the effects of these transactions on the financial statements using a horizontal statements model. (Use a + to indicate increase or a - for decrease. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Columns for events that have no effect on any of the elements should be left blank.) (Note: Not all cells will require an input.) CHAIR COMPANY Horizontal Statements Model Balance Sheet Income Statement - Liabilities + Stockholders Revenue - Expense Net Income Statement of Cash Flows Event Assets Estimates Paid The following transactions apply to Ozark Sales for Year 1: 1. The business was started when the company received $49.500 from the issue of common stock. 2. Purchased equipment inventory of $175,000 on account. 3. Sold equipment for $193,500 cash (not including sales tax). Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $118.500. 4. Provided a six-month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to 4 percent of sales. 5. Paid the sales tax to the state agency on $143,500 of the sales. 6. On September 1 Year 1, borrowed $20,000 from the local bank. The note had a 6 percent interest rate and matured on March 1, Year 2 7. Paid $5.800 for warranty repairs during the year, 8. Pald operating expenses of $53,500 for the year 9. Paid $125,700 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 6. Exercise 9-8A Part c c. What is the total amount of current liabilities at December 31, Year 17 (Round your answer to the nearest dollar amount.) Total current liabilities