I just need a and c, disregard T accounts

Powell Company began the Year 2 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. During Year 2, Powell experienced the following events: 1. Sold merchandise that cost $58,000 for $99,500 on account to Prentise Furniture Store. 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $900 cash. 3. Received returned goods from Prentise. The goods cost Powell $4,000 and were sold to Prentise for $5,900. 4. Granted Prentise a $3,000 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $81,000 cash from accounts receivable. Required: a. Record the events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Open general ledger T-accounts with the appropriate beginning balances and post the c. Prepare a multistep income statement, a balance sheet, and a statement of cash flows. journal entries to the T-accounts. (Statement of Cash Flows only, items to be deducted must be indicated with a negative d. Why would Prentise agree to keep the damaged goods? (Select all that apply.) amount.) Powell Company General Journal for Year 2 Powell Company Financial Statements Income Statement For the Year Ended December 31, Year 2 Balance Sheet As of December 31, Year 2 c. Powell Company Financial Statements For the Year Ended December 31, Year 2 Statement of Cash Flows d