I do not know how to calculate the answer for Questions 3, 7, or 8. can you explain how to get the answer and correct what I got wrong?

Required informetion Problem 3-26A (Algo) Comprehensive cycle problem: Perpetual system LO 3-2, 3-3, 3-4, 3-5, 3-6, 3-7 [The following information applies to the questions dispiayed below) At the beginning of Year 2, the Redd Company had the following balances in its accounts: During Year 2 the compary experienced the following events: 1. Purchased inventory that cost $6,100 on account from Ross Company under terms 270. n 30 . The merchandise was dellvered FOB shipping point. Freight costs of $560 were paid in cash. 2. Returned $350 of the inventory that it had purchased because the inventory was damaged in transit. The seller agreed to pay the return tieight cost 3. Paid the amount due on its account payable to Ross Company within the cash discount period. 4. Sold inventory that had cost $6,600 for $9,600 on account, under terms 2/10, n/45. 5. Recelved merchandise returned from a customer. The merchandise originally cost $560 and was sold to the customer for $860 cash. The customer was paid $860 cash for the returned merchandise. 6. Delivered goods FOB destination in Event 4 . Frelght costs of $660 were paid in cash. 7. Collected the amount doe on the account recelvable within the discount period. 8. Took a physical count indicating that $2,300 of inventory was on hand af the end of the accounting period. b. Use a norzontal financial statements modot to show how eoch event affects the bolonce theet, income statement, and statement of cash flows. More specifically fecord the amounts of the events info the moclet Alvo, in ithe Statertent of Cash Flows colamn, classify the cash fows as operoting activities (GOW, invescong activeses (GA) or financing activities (FA) Note: Enter any decreases to eccount balances and cash outfiows with a minus sign. Leave cells blank if no input is needed