CB Winter Sports specializes in providing ski lessons to beginners. The company uses the allowance method to account for uncollectible accounts expense. CB Winter Sports experienced the following four accounting events in Year $1$:

Recognized $$272,000$ of revenue on account.

Collected $$132,000$ cash from accounts receivable.

Wrote off uncollectible accounts of $$2,600.$

Recognized uncollectible accounts expense. CB Winter Sports estimated that uncollectible accounts expense will be $3$ percent of sales on account.

Required:

Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities $($OA$),$ investing activitles $($IA$),$ or financing activitles $($FA$).$ The first transaction is shown as an example.

Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed.

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$\backslash$table$[[$Statement of Cash$],[$Flows$]]\}],[$Assets$,\backslash$table$[[=$