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Lush Landscapes produces and selis electric lawn mowers During the first year of operations, the company experienced the following events 1. The company produced and

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Lush Landscapes produces and selis electric lawn mowers During the first year of operations, the company experienced the following events 1. The company produced and sold $930,000 worth of lawn mowers. 2. The company provided its customers with a one-year warranty against defects. Based on industry standards, the company estimated that wartanty claims would amount to 5 percent of sales. 3. During the year, the company paid \$5,500 cash to replace defective lawn mowers. Required: Use a horizontal financtal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model Note: In the Cash Flow column, use OA to designate operating octivity, IA for investment activity, FA for financing activity, ond NC for net chonge in cosh. Enter any decreoses to occount bolances ond cosh outflows with o minus sign. Not all cells require on input - leave cells blank if there is no corresponding input needed

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