ign in Connect-Sign in Students Students Home ch3 Homework 3 Homework On January 1, 2018, Jana started the following events during the first year of operation a small flower merchandising business that she named Jana's Flowers. The company experienced 1. Started the business by issuing common stock for $30,000 cash 2. Paid $19,000 cash to purchase inventory o25 3. Sold merchandise that cost $10,000 for $21,000 on account 4. Collected $16,000 cash from accounts receiveble 5. Paid $3,750 for operating expenses Phine Required rences a. Organize ledger accounts under an accounting equation and record the events in the accounts. In the last column of the table. provide appropriate account titles for the Retained Earnings amounts b-1. Prepare an income statement b-2. Prepare a balance sheet b-3.Prepare a statement of cash flows c. Since Jana sold inventory for $21,000, she will be able to recover more than half of the $30,000 she invested in the stock. Do you agree with this statement? this question by entering your answers in the tabs below. Req A Req Req B1 Req B2 Req B3 Req C Organize ledger accounts under an accounting equation and record the events in the accounts. In the last column of the table, here to search