Help Save 4 Exit 5 Check my The following transactions apply to Ozark Sales for Yeart 15.66 Do 1. The business was started when the company received $49.000 from the issue of common stock 2. Purchased equipment inventory of $176,000 on account 3. Sold equipment for 5192,500 cash not including sales tax)Sales tax of 8 percent is collected when the merchandise is sold. The 4. Provided a six-month warranty on the equipment solu. Based on Industry estimates, the warranty claims would amount to 4 percent 5. Pald the sales tax to the state agency on $142.500 of the sales 6. On September 1, Year 1, borrowed $19,000 from the local bank. The note had a 6 percent interest rate and matured on March t. You 7. Paid $5700 for warranty repairs during the year B. Pald operating expenses of $52.000 for the year. 9. Paid $125.600 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 6, 2 Required a. Record the given transactions in a horizontal statements model b. Prepare the income statement, balance sheet and statement of cash flows for Year! c. What is the total amount of current abilities at December 31, Year 12 Complete this question by entering your answers in the tabs below Check my word Red A Reine Stmt Ree Bal Reg Strmt Cash Flows Regc Record the given transactions in a horizontal statements model (Enter any decreases to account balances and cash outflows with a minus sign. In the Cash Flow column financing activity (FA), and leave the cell blank there is no effect. Do not found intermediate calculations and round your answers to the nearest whole dollar amount ant OZARK SALES Horizontal Statement Model Balance Show Asses Merchandise Incore fun Cash Accounts Payable Warranty Payable Notes Paynthis Pay Stockholders' Equity Common Stock Earring 1.000 Retainer Revenue Nel 40.000 1 2 170.000 178,000 207.000 400 15.000 Jo 3 4 5 117 500) . 192.500 (1175001 . a. . . TO . 250,000 6.500 175.000 15.400 O- 0 49,000 - 75.000 0 4,0 Regine Ston> P PES