During Year Cowboy Ice Cream Company (OK) purchased $16,000 of inventory on account ac sold inventory on account that cost $12.000 for $18.000. Cash payments on accounts payable were $10,000. There was $16.000 cash collected from accounts receivable CIC who paid $3.500 cash for operating expenses. Assume that I started the accounting period with $24.000 in both cash and common stock Required a Record the events in a horizontal statement model in the Cash Flow column. Use OA 1o destinate operating activity for investment activity, FA for financing activity of NC for not change in cash if the element is not affected by the event, leave the cell blank b. What is the balance of accounts receivable at the end of 1 c. What is the balance of accounts payable the end of Year d. What are the amounts of grow margin and net income for Year 1 Determine the amount of th flow from operating activities Complete this question by entering you answers in the tabs below Hesta Hecord the events in a horizont model in the cash flow come to designate operating activity, IA for investment activity for financing actor Cornelia the cament is not affected by the wave the cell ankarcoll wiltre entry terwydent balesan COWBOY ICE CREAM COMPANY Inc Eyes Storch Acco Receive ListSton'Equity Acco Paralle Stock Ering 24.000 El bal 22.000 24 26 3 4 124.000 $24000 3 RE> During Year Cowboy Ice Cream Company (c) purchase $96.000 of ventory on account.cic sold inventory on account that cost $12,000 for $18.000, ish payments on accounts payable were $10,000. There was $16.000 cash collected to accounts receivable CIC also paid $3,600 cash for operating expenseume that acted Use accounting puro with $24,000 in both cain and conmon stock Required a. Record the events in a horizontal statement model in the Cash Flow column, use to designate operating activity, IA for investment activity. FA for financing activity, or NC for ne change in cash the element not affected by the event, leave the cell blank b. What is the balance of accounts receivable at the end of Year c. What is the balance of accounts payable at the end of Year d. What are the amounts of gross margin and net income for Year 19 e. Determine the amount of niet cash flow from operating activities Complete this question by entering your answers in the tabs below. RA RB tot What is the balance of accounts receivable accounts payable amounts margin net income and cash flow from operating activities and of Year 22 and catch with b. Accoubla Accounts payahla do magis Net Net showrooperang