Net cash outflow for theROOM DESIGNS, INCORPORATED Income Statement For the Year Ended December 31, Year 2ROOM DESIGNS, INCORPORATED Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equityROOM DESIGNS, INCORPORATED Balance Sheet As of December 31, Year 2 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equityROOM DESIGNS, INCORPORATED Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Ending cash balanceAs of January 1, Year 2, Room Designs, Incorporated had a balance of $3,700 in Cash, $2,100 in Common Stock, and $1,600 in Retained Earnings. These were the only accounts with balances in the ledger on January 1, Year 2. Further analysis of the company's cash account indicated that during the Year 2 accounting period, the company had [1] net cash inow from operating activities of $4,700, [2} net cash outow for investing activities of $13,600, and {3] net cash inow from nancing activities of $6,900. All revenue and expense events were cash events. The following accounts and balances representthe financial condition of Room Designs, Incorporated as of December 31, Year 2, before closing. PHI" DESIGNS Ii-KCIRPORATED General Ledger Assets = Liabilities + Stockholders' Egui'tI Cash Notes Payable Cannon Stock Revenue Balance 1,?36 Balance 3,563 Balance 6,066 Balance 9,108 Land Retained Earnings Expenses Balance 13,696 Balance 1,506 Balance 4,409 Dividends Balance 569 Required a. Assume that the net cash inow from nancing activities of $6,900 was caused by three events. Based on the given information, identify these events and determine the cash flow associated with each event. b. What did the company purchase that resulted in the cash outow from investing activities? c1. Prepare an income statement for the year ended December 31, Year 2. cZ Prepare a statement of changes in stockholders' equity for the year ended December 31, Year 2. c3. Prepare a balance sheet as of December 31, Year 2. c4. Prepare a statement of cash ows for the year ended December 31, Year 2. Complete this question by entering your answers in the tabs below. ' Reg A ' Req B Req c1 Reg c2 Reg c3 Reg c4 Assume that the net cash inow frorn nancing activities of $6,900 was caused by three events. Based on the given information, identify these events and determine the cash ow associated with each event. {Cash outows should be indicated with a minus sign.) Cash ows from nancing activities