I need to know how to fill out retained earning and net income! Also - FA, IA, OA, NC.

Thank you

Check my work e events described in the preceding paragraph and show them in a horizontal financial statements model. The beginning balances are included in the table. (In the Cash Flow lancing activities, "IA" for investing activities and 'NC' for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells int ve cells blank if there is no corresponding input needed.) Income Statement Expenses Revenue Not Income Statement of Cash Flows Assets Accounts Receivable ws Cash 23,500 D HARDY MERCHANDISING COMPANY Effect of Events on the Financial Statements Balance Sheet Liabilities Stockholders' Equity Common Accounts Retained Inventory Payable Stock Earnings 23,500 17.000 17.000 0 (12.300) 4.200 (10.600) 0 og bal Yur, in old in W DOST d. AP 19,100 19,100 (12.800) (10,600) 17,000 (3,700) 0 (17,000) Foll. AR nd, bal 26,200 - (3.700) (16.500) - 2.100 8.400 6.400 23,500+ 0 19,100 0 Required 8 > During Year 1, Hardy Merchandising Company purchased $17,000 of inventory on account. Hardy sold inventory on account that cost $12,800 for $19,100 Cash payments on accounts payable were $10,600. There was $17,000 cash collected from accounts receivable. Hardy also paid $3,700 cash for operating expenses. Assume that Hardy started the accounting period with $23,500 in both cash and common stock Required a. Identify the events described in the preceding paragraph and show them in a horizontal financial statements model. The beginning balances are included in the table. b. What is the balance of accounts receivable at the end of Year 1? c. What is the balance of accounts payable at the end of Year 1? d. What are the amounts of gross margin and net income for Year 1? e. Determine the amount of net cash flow from operating activities