Gunn Manufacturing Company experienced the following accounting events during its first year of operation. With the exception of the adjusting entries for depreciation, assume that all transactions are cash transactions.

1.	Acquired $50,000 cash by issuing common stock.
2.	Paid $7,400 for the materials used to make its products, all of which were started and completed during the year.
3.	Paid salaries of $4,100 to selling and administrative employees.
4.	Paid wages of $6,500 to production workers.
5.	Paid $6,100 for furniture used in selling and administrative offices. The furniture was acquired on January 1. It had a $1,700 estimated salvage value and a four-year useful life.
6.	Paid $7,800 for manufacturing equipment. The equipment was acquired on January 1. It had a $1,600 estimated salvage value and a two-year useful life.
7.	Sold inventory to customers for $26,800 that had cost $13,500 to make.

Show how these events would affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal financial statements model as indicated here. Also, in the Cash Flow column, indicate whether the cash flow is for operating activities (OA), investing activities (IA), or financing activities (FA). Use NA to indicate that an element is not affected by the event. The first event is recorded as an example.