Pizza Express Inc began the 2018 accounting period with $9,500 cash, 58,000 of common stock, and $1,500 of retained earnings Pizza Express was affected by the following accounting events during 2018: 1. Purchased $12,500 of supplies on account 2. Earned and collected $25,000 of cash revenue. 3. Pald $11,000 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. Required 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 any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry.) Assets Event No Liabilities Accounts Payable PIZZA EXPRESS INC. Effect of Events on Financial Statements for 2018 Stockholders' Equity Income Statement Common - Net Income STOCK Earnings 8,000 1,500 Retained Statement of Cash Flows Cash + Supplies Revenue Beg bal. 9,500 9,500 Totals 8,000 1,500 0