During Year 1, Hardy Merchandising Company purchased $14,000 of inventory on account. Hardy sold inventory on account that cost $10,500 for $15,800. Cash payments on accounts payable were $8,800. There was $14,100 cash collected from accounts receivable. Hardy also paid $3,400 cash for operating expenses. Assume that Hardy started the accounting period with $25,000 in both cash and common stock Required a. Identify the events described in the preceding paragraph and show them in a horizontal statements model. The first event is recorded as an example. b. What is the balance of accounts receivable at the end of Year 1? c. What is the balance of accounts payable at the end of Year 1? d. What are the amounts of gross margin and net income for Year 1? e. Determine the amount of net cash flow from operating activities. On April 6, Year 1, Home Furnishings purchased $36,000 of merchandise from Una Imports, terms 1/10 n/45. On April 8, Home returned $7,600 of the merchandise to Una Imports for credit. Home paid cash for the merchandise on April 15, Year 1. Required a. What is the amount that Home must pay Una Imports on April 15? b. Record the events in a horizontal statements model. c. How much must Home pay for the merchandise purchased if the payment is not made until April 20, Year 1? d. Record the payment in Requirement cin a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D What is the amount that Home must pay Una Imports on April 157 Net amount duo Required A Required 3 >