Catalin Corp. had the following events during the final three months of its fiscal year 2019: a. January 10, 2020: Sold merchandise on account. In addition to the invoice price of $22,600, the client also had to pay a 15% sales tax. The cost of merchandise sold represents 70% of sales. Catalin uses a perpetual inventory system. Expected warranty claim is estimated at 2% of sales. b. March 1, 2020: Signed a six-month, 9% note payable of $200,000 in order to purchase a land for future expansion. Interest is payable at maturity. Required: 1. How are all liabilities arising from these transactions reported on Catalins Statement of Financial Position as at March 31, 2020? You only have to state the relevant account names and the dollar amount. A (partial) statement of financial position is not required. 2. How do these transactions impact Catalins Statement of Cash Flows?