Cxercise y-4M (Migo) recognizing saies tax payabie LU y-L [The following information applies to the questions displayed below.] The following selected transactions apply to Topeca Supply for November and December Year 1 . November was the first month of operations. Sales tax is collected at the time of sale but is not paid to the state sales tax agency until the: following month. 1. Cash sales for November Year 1 were $65,500 plus sales tax of 9 percent, 2. Topeca Supply pald the November sales tax to the state agency on December 10, Year 1 . 3. Cash sales for December Year 1 were $80,000 plus sales tax of 9 percent. Exercise 9-4A (Algo) Part a Required a. Record the effect of the given transactions in a horizontal statements model. Note: In the Cash Flow column, use the initials "OA" for operating octivities, "FA" for financing octivities, and "IA" for investing activity. Enter any decreases to occount balances and cash outflows with a minus sign. Not all cells require input