On April $6,$ Year $1,$ Home Furnishings purchased $$25,200$ of merchandise from Una Imports, te$$ms $2/10$

$\frac{n}{45}.$ On April $8,$ Home returned $$2,400$ of the merchandise to Una Imports. Home paid cash for the

merchandise on April $15,$ Year $1.$

Required

a$.$ What is the amount that Home must pay Una Imports on April $15?$

b$.$ Use a horizontal financial 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. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities $($OA$),$

investing activities $($IA$),$ or financing activities $($FA$).$

c$.$ How much must Home pay for the merchandise purchased if the payment is not made until April $20,$ Year

$1?$

d$.$ Record the payment for the merchandise in Requirement $($c$)$ in the horizontal financial statements model.

Also, in the Statement of Cash Flows column, classify the cash flows as operating activities $($OA$),$ investing

activities $($IA$),$ or financing activities $($FA$).$