if you could answer it in the same format as the assignment, it would help out tremendously!

The following transactions apply to Ozark Sales for Yeart: 1. The business was started when the company received $49,500 from the issue of common stock 2. Purchased equipment inventory of $177.500 on account 3. Sold equipment for $200,000 cash (not including sales tax). Sales tax of 6 percent is collected when the merchandise is sold. The merchandise had a cost of $125,000. 4. Provided a six-month warranty on the equipment sold. Based on Industry estimates, the warranty claims would amount to 5 percent of sales 5. Poid the sales tax to the state agency on $150,000 of the sales. 6. On September 1, Year 1, borrowed $20,000 from the local bank. The note had a 7 percent interest rate and matured on March 1, Year 2 7. Paid $5,800 for warranty repairs during the year. 8. Pald operating expenses of $54,000 for the year. 9. Pald $125,700 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 6. kes 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 1. c. What is the total amount of current liabilities at December 31, Year 12 RGA Reg Inc Strut Rea B Bal Sheet Red B Simt Cash Flows Rooc 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, indicate what a financing activity (FA), and leave the cell blank if there is no effect. Do not round Intermediate calculations and round your answer to the nearest whole dolur amount. Not all cells Assets Balance Sheet cilities OZARK SALES Horizontal Statements Model Income Statement Stockholders' Equity Net Interest Notes Common Retained Revenue Expense - income Payable Payable Stock Earnings Event No Cash Merchandise Inventory Statement of Cash Flows Accounts Payable Sales Tax Payable + Warranty Payable + 2 Ja 3b 4 5 0 7 10 Bal O 0 Regine Siml> piete question by entering your answers in the t Req A Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Req Prepare the income statement for Year 1. (Round your answers to OZARK SALES Income Statement For the Year Ended December 31, Year 1 Expenses Total operating expenses 0