Junker's Stash started the Year 2 accounting period with the balances given in the following horizontal financial statements model. During Year 2, Junker's Stash experienced the following business events: 1. Paid cash to purchase $95,000 of merchandise inventory. 2. The goods that were purchased in Event 1 were delivered FOB destination. Transportation costs of $1,900 were paid in cash by the responsible party. 3a. Sold merchandise far $109,500 under terms 140,n/30. 3b. Recognized $54,400 of cost of goods sold. 4a. Junker's Stash customers returned merchandise that was seld for $2,600. 4 b. The merchandise returned in Event 4 a had east Junker's Stash $1,500. 5. The merchandise in Event 3a was sold to customers FOB destiration. Trarrsportation costs af $1,900 were paid in cush by the responsible party. 6a. The custorners paid for the merchandise sald in Event 3 s within the discount peried. Recognized the sales discourt. 66. Collected the balance in the necounts reccivable necount. 7. Paid cush of $7,475 for sclling and adrinistrative expenses. 8. Sold the land for $10,350 cash. Required: a. Record the above transactions in a harizontal financial statements model. b. Determine the amount of net sales. c. Prepare a multistep income statement, Include common size percentages on the income statement. d. The return-on-sales ratio for Junker's Stash during the prior year wis 12 peroent, Based on the commen size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 2? Assume sales are the some for both years. Complete this question by entering your answers in the tabs below. Record the above transactions in a horizontal financial statements model. Note: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for Net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed. Round your answers to the nearest whole dollar amount