got about half way through and got lost!

At the beginning of Year 2, the Redd Company had the following balances in its accounts: Cash Inventory Common stock Retained earnings 58,800 2,800 8,300 3,300 During Year 2. the company experienced the following events: 1. Purchased inventory that cost $6,300 on account from Ross Company under terms 2/10, n/30. The merchandise was delivered FOB shipping point. Transportation costs of $580 were paid in cash. 2. Returned $400 of the inventory it had purchased because the inventory was damaged in transit. The seller agreed to pay the return transportation cost. 3. Paid the amount due on its account payable to Ross Company within the cash discount period. 4. Sold Inventory that had cost $6,800 for $9,800 on account, under terms 2/10,n/45. 5. Received merchandise returned from a customer . The merchandise originally cost $580 and was sold to the customer for $880 cash. The customer was paid $880 cash for the returned merchandise. 6. Delivered goods FOB destination in Event 4. Transportation costs of $680 were paid in cash. 7. Collected the amount due on the account receivable within the discount period. 8. Took a physical count indicating that $2,500 of Inventory was on hand at the end of the accounting period. b. Record each event in a horizontal financial statements model. (In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash, Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input. leave cells blank if there is no corresponding input needed.) 2 Event Statement of Canh Flow REDD COMPANY Horizontal Statement Model Year 2 Balance Sheet Income Statement Liabilities + Stockholders' Equity Net Merchandise Accounts Common Retained Revenue - Expenses - Income Inventory Payable Stock Earnings 2,800 3.300 0.300 63001 Assets Cash Accounts Receivable 3,800+ Bal 3.300 18 ib 2 (410) (400) (400) (400) OA 40 9,800 40 ba 50 16,800) 580 9800 (0800 500 (880) 680 6.800 (580) 9,000 (6800) 550 (880) (580) 380) (500 (880) 1880) (6801 OA OA 630