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The Chair Company provides a 120-day parts-and-labor warranty on all merchandise it sells. The Chair Company estimates the warranty expense for the current period to be $1280 During the period a customer returned a product that cost $960 to repair Required a. Show the effects of these transactions on the financial statements using a horizontal statements model like the example shown here. Use a to indicate increase ora - for decrease if the element is not affected, leave the cell blank in the Cash Flow column Indicate whether the item is an operating activity (OA), investing activity (1A), or financing activity (FA). (Not all cells will require entry.) CHAIR COMPANY Horontal Statements Model Balance Sheet Income Statement Stockholder's Liabilities Ravenue Expense Not Income Equity Event Assets Statement of Cash Flow Estimates Paid