Pizza Express Inc. began the 2018 accounting period with $9.000 cash, $7,000 of common stock, and $2.000 of retained earnings. Pizza Express was affected by the following accounting events during 2018: 1. Purchased $10,500 of supplies on account. 2. Earned and collected $26,000 of cash revenue 3. Paid $9,000 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2.400 of supplies was still on hand on December 31, 2018. 21108 Book Required ferences a. Show the effects of the events on the financial statements using a horizontal statements model given below In the Cash Flows column, use OA to designate operating activity, FA for financing activity IA for investing activity, or NC for net change in cash If the element is not affected by the event, leave the cell blank (Enter eny decrenses to account balances and cosh outflows with a minus sign. Not all cells will require entry.) PIZZA EXPRESS INC. Effect of Events on Financial Statements for 2018 Stockholders' Equity Assets -Liabilities Income Statement Event No. Accounts Common Stock Retained Earnings 2 000 Statement of Cash Flows Cash Supplies Revenue Expense Net Income Payable 000 7000 Beg ba PIZZA EXPRESS INC Effect of Events on Financial Statements for 2018 2035 Liabilities Stockholders' Equity Retained Earnings Income Statement Assets Event No. Statement of Cash Flows Common Stock Accounts. Net Income Expense Revenue Cash Supplies Payable Book 7.000 2000 Beg hal 9 000 10 500 10.500 26.000 26 000 (9.000) 26.000 26.000- 26.000 2 (9 .000 (9 000 3 4 18200 1500 28 000 26 000- 17.000 10 500 7.0004 26000 Totals