Magoo Kaboo makes unlque children's toys that have created an absolute frenzy during the holiday shopping season. The company does make a few sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During Year 1, the company expertenced the following events: 1. Magoo Kaboo eamed $15,200 of cash revenue and $4,600 of revenue on account. 2. Cash operating expenses were $5,600. 3. After numerous attempts to collect a $66 account recelvable from a customer, the account was determined to be uncollectible in Year 1. 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 octlvity, IA for investment activity, FA for financing activity, and NC for net change In cash. Enter any decreases to occount bolances and cash outtiows with o minus sign. Not all cells require an Input - leave cells blank if there is no corresponding Input needed