During Year 1, Hardy Merchang Company purchased $23.000 of inventory on account.Hardy sold inventory on account the cost $17300 for $25.900 Cash payments on sccounts payable were $14.400. There was $23.900 cash collected from accounts receivable. Hardy also pod $4.300 cash for operating expenses. Assume that Hardy started the accounting period with $19.500 in both cash and common stock Required Record the events in a hozost statement model in the Cash Flow column, de OA to designe operating activity for nvestment activity FA formarong activity or NC for net change in cash, the element not affected by the event, leave the cel blank. b. What is the balance of accounts receivable at the end of Yeart? 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 you? e. Determine the amount of netcafow from operasing activities Complete this question by entering your answers in the tabs below. Ratt Record the events in a statement model in the Cash Flowcom, OA escowgativity, IA for investment activity, FA for financing activity, NC change in cash. If the elementarected by the event, leave the cell bank wery cell witry to balances and cash flow with Show less HAROY MERCHANDISING COWIWNY Estofennium Sunt of Coro Ac Cash Payable Han Earnings 9.500 19.00 flesh 1 2a 4 5 ReBE) Complete this question by entering your answers in the tabs below. Req A Req B to E What is the balance of accounts receivable, accounts payable, amounts of gross margin, net income and net cash flow from operating activities at the end of Year 1? (Indicate cash outflows with minus sign.) b. Accounts receivable C. Accounts payable d. Gross margin Net income e. Net cash flow from operating activities