Cortez Company sells chairs that are used at computer stations. Its beginning remory of this was the year, Cortez made two batch purchases of this chat. The first was a 202 unit purchase the purchase at $96 per unit. During the period, it sold 335 chairs Required Determine the amount of product costs that would be allocated to cost of goods sold and ending wentary, ming t.Com a. FIFO: ng Enabled: Exam Chapter 5&6 Required information The following information applies to the questions displayed below) Austin Co. established a petty cash fund by issuing a check for 5255 and appointing Steve Mack butty cathan Mack had vouchers for the following petty cash payments during the month $ 45 Stamps Miscellaneous items Employee supper money Taxi fare Window-washing service 18 60 40 76 There was $15 of currency in the petty cash box at the time it was replenished. - Show the effects of the events in Requirement a on the financial statements using a horizontal statements model like the ne. (In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (1A), or financin 4). Use NA to indicate that an account was not affected by the event. Enter any decreases to account balances with n.) Effect of Events on the Financial Statements Net Inc. Cash Flow Rev. Exp. Liab. Equity FA OINA Assets Cash + Petty Cash (255) 255 0 0 0