E3-3 Dan Watson started a small merchandising business in 2018. The business experienced the following events during its first year of operation. Assume that Watson uses the perpetual inventory system. 1. Acquired $30,000 cash from the issue of common stock 2. Purchased inventory for $18,000 cash. 3. Sold inventory costing $15,000 for $32,000 cash. Required: a. Record the events in a statements model like the one shown below. Income Statement Cash Flow Balance Sheet Assets Equity Com Ret Cash Inv. Stk Earn Rev Exp Net Inc