Exercise 2-8A (Algo) Supplies and the financial statements model LO 25 Pizza Express inc. began the Year 2 accounting period with $7,500 cash, $6,000 of common stock, and $1,500 of retained earnings. Picra Express was affected by the following accounting events during Year 2 : 1. Purchased $19,000 of supplies on account. 2. Earned and collected $30,000 of cash revenue. 3. Paid $11,500 cash on accounts payable. 4. Adjusted the records to refect the use of supplies. A physical count indicated that $2,100 of supplies was still on hand on December 31. Year 2. Required a, Show the effects of the events on the financial statements using a horizontal statements model given below. In the Cash Flows column, use OA to designate operating activity, FA for financing activity. IA for investing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. The beginning balances have been entered as an example. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry.)